Shares of American Superconductor Co. (NASDAQ:AMSC – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.06 and traded as high as $10.97. American Superconductor shares last traded at $10.59, with a volume of 1,227,400 shares.
Analysts Set New Price Targets
Separately, Roth Mkm upped their target price on American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.
American Superconductor Stock Down 3.6 %
Institutional Investors Weigh In On American Superconductor
Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its stake in American Superconductor by 32.0% during the second quarter. Osaic Holdings Inc. now owns 4,654 shares of the technology company’s stock worth $29,000 after acquiring an additional 1,129 shares in the last quarter. UBS Group AG raised its stake in American Superconductor by 28.6% during the fourth quarter. UBS Group AG now owns 10,986 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,445 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in American Superconductor during the first quarter worth $61,000. LPL Financial LLC acquired a new position in American Superconductor during the second quarter worth $65,000. Finally, AJOVista LLC acquired a new stake in shares of American Superconductor in the fourth quarter valued at $69,000. 43.23% of the stock is owned by institutional investors.
American Superconductor Company Profile
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.
- Five stocks we like better than American Superconductor
- How to Use the MarketBeat Excel Dividend Calculator
- Exxon and Chevron ready to rally: The floor is in for big oil
- What is a Low P/E Ratio and What Does it Tell Investors?
- Analysts jumped on this stock ahead of earnings; markets love it
- How to Invest in Cybersecurity
- Unusual call options in this ETF can lead these stocks to rally
Receive News & Ratings for American Superconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Superconductor and related companies with MarketBeat.com's FREE daily email newsletter.