The American Superconductor Co. (AMSC) Director Vikram S. Budhraja Purchases 12,500 Shares

The American Superconductor Co. (AMSC) Director Vikram S. Budhraja Purchases 12,500 Shares

American Superconductor Co. (NASDAQ:AMSC) opened at 4.215 on Monday. American Superconductor Co. has a 1-year low of $3.88 and a 1-year high of $9.63. The company’s market cap is $78.36 million. The company’s 50 day moving average is $4.96 and its 200 day moving average is $6.56.

American Superconductor Co. (NASDAQ:AMSC) Director Vikram S. Budhraja purchased 12,500 shares of American Superconductor stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average price of $4.00 per share, with a total value of $50,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.04. American Superconductor had a negative net margin of 27.52% and a negative return on equity of 34.65%. The firm had revenue of $16.20 million for the quarter, compared to analyst estimates of $15.36 million. During the same period last year, the firm posted ($0.28) EPS. American Superconductor’s quarterly revenue was down 41.1% on a year-over-year basis. Equities research analysts forecast that American Superconductor Co. will post ($1.96) EPS for the current year. Several equities research analysts have recently commented on AMSC shares. FBR & Co set a $11.00 price target on shares of American Superconductor and gave the company a “buy” rating in a report on Thursday, April 6th. Cowen and Company reiterated an “outperform” rating and set a $8.00 price objective (down previously from $10.50) on shares of American Superconductor in a research note on Friday, April 28th. Zacks Investment Research lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. Rodman & Renshaw reiterated a “buy” rating and set a $7.50 price objective (down previously from $10.00) on shares of American Superconductor in a research note on Friday, April 28th. Finally, HC Wainwright set a $8.00 price objective on shares of American Superconductor and gave the stock a “buy” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. American Superconductor presently has an average rating of “Buy” and a consensus price target of $8.14.

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP bought a new stake in shares of American Superconductor during the first quarter valued at approximately $1,182,000. PEAK6 Investments L.P. bought a new stake in shares of American Superconductor during the first quarter valued at approximately $612,000. Ardsley Advisory Partners bought a new stake in shares of American Superconductor during the third quarter valued at approximately $491,000. Renaissance Technologies LLC raised its stake in shares of American Superconductor by 7.9% in the first quarter. Renaissance Technologies LLC now owns 459,588 shares of the technology company’s stock valued at $3,153,000 after buying an additional 33,700 shares during the last quarter. Finally, GMT Capital Corp bought a new stake in shares of American Superconductor during the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 28.65% of the company’s stock. About American Superconductor

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AMSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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