Media headlines about Aspen Aerogels (NYSE:ASPN) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Aspen Aerogels earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.1069170271668 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Zacks Investment Research upgraded Aspen Aerogels from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Tuesday, September 12th.
Shares of Aspen Aerogels (NYSE:ASPN) opened at $5.00 on Friday. Aspen Aerogels has a 52 week low of $3.84 and a 52 week high of $5.13.
Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The company had revenue of $27.20 million during the quarter, compared to analyst estimates of $28.23 million. Aspen Aerogels had a negative return on equity of 21.86% and a negative net margin of 22.72%. Aspen Aerogels’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.13) EPS. equities analysts anticipate that Aspen Aerogels will post -0.88 EPS for the current year.
In other news, major shareholder Craig A. Huff sold 2,895,981 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $4.30, for a total transaction of $12,452,718.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.80% of the company’s stock.
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About Aspen Aerogels
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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