Aspen Aerogels (NYSE:ASPN) Stock Price Down 8.4% – What’s Next?

Aspen Aerogels, Inc. (NYSE:ASPN)’s share price traded down 8.4% during trading on Tuesday . The company traded as low as $12.04 and last traded at $11.65. 226,527 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,359,372 shares. The stock had previously closed at $12.72.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASPN. Barclays lowered their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Roth Mkm dropped their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a report on Wednesday, October 16th. Canaccord Genuity Group decreased their target price on Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.11.

Aspen Aerogels Trading Up 2.8 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The company has a 50 day moving average of $13.21 and a 200 day moving average of $19.96. The stock has a market capitalization of $955.55 million, a price-to-earnings ratio of 1,165.77 and a beta of 2.14.

Institutional Trading of Aspen Aerogels

Several large investors have recently added to or reduced their stakes in ASPN. FMR LLC raised its position in shares of Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after buying an additional 773,647 shares during the period. Driehaus Capital Management LLC increased its stake in Aspen Aerogels by 130.4% during the second quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company’s stock worth $51,439,000 after acquiring an additional 1,220,724 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Aspen Aerogels by 22.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock worth $44,839,000 after acquiring an additional 300,076 shares during the last quarter. State Street Corp raised its position in Aspen Aerogels by 0.6% in the third quarter. State Street Corp now owns 1,410,543 shares of the construction company’s stock valued at $39,058,000 after purchasing an additional 8,344 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Aspen Aerogels by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after purchasing an additional 75,024 shares during the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.