News coverage about American Superconductor (NASDAQ:AMSC) has been trending somewhat negative this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Superconductor earned a news impact score of -0.02 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9751143974941 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded American Superconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. FBR & Co restated a “hold” rating and set a $6.00 price objective on shares of American Superconductor in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $6.82.
Shares of American Superconductor (NASDAQ AMSC) traded down $0.06 during mid-day trading on Friday, reaching $5.24. The company’s stock had a trading volume of 27,261 shares, compared to its average volume of 380,700. American Superconductor has a fifty-two week low of $2.89 and a fifty-two week high of $7.82. The stock has a market capitalization of $108.81, a P/E ratio of -2.63 and a beta of 0.90.
American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.25. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The business had revenue of $11.05 million for the quarter, compared to the consensus estimate of $10.93 million. During the same period in the prior year, the business posted ($0.60) earnings per share. The company’s quarterly revenue was down 40.3% compared to the same quarter last year. research analysts expect that American Superconductor will post -2.08 earnings per share for the current year.
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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.
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