American Superconductor (NASDAQ:AMSC) Stock Price Crosses Above 200 Day Moving Average of $9.06

Shares of American Superconductor Co. (NASDAQ:AMSCGet 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.

View Our Latest Stock Analysis on AMSC

American Superconductor Stock Down 3.6 %

The company has a market capitalization of $325.54 million, a P/E ratio of -17.95 and a beta of 1.91. The firm has a 50-day moving average price of $10.76 and a two-hundred day moving average price of $9.06.

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

(Get Free Report)

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.

Further Reading

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