American Superconductor (NASDAQ:AMSC) Trading 9.3% Higher – Still a Buy?

Shares of American Superconductor Co. (NASDAQ:AMSC) were up 9.3% during mid-day trading on Monday . The company traded as high as $21.72 and last traded at $21.69. Approximately 125,144 shares were traded during trading, a decline of 88% from the average daily volume of 1,062,874 shares. The stock had previously closed at $19.84.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

American Superconductor Stock Performance

The company has a market capitalization of $847.60 million, a P/E ratio of 306.90 and a beta of 2.45. The firm’s fifty day moving average is $25.19 and its 200 day moving average is $26.12.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc bought a new position in American Superconductor in the 4th quarter worth about $58,000. SBI Securities Co. Ltd. bought a new position in American Superconductor in the fourth quarter worth approximately $65,000. Jones Financial Companies Lllp increased its holdings in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares during the period. PNC Financial Services Group Inc. raised its position in American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of American Superconductor in the 3rd quarter worth $88,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.