Aspen Group (ASPU) Sets New 12-Month Low at $5.80
Aspen Group Inc (NASDAQ:ASPU)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.80 and last traded at $6.03, with a volume of 17527 shares trading hands. The stock had previously closed at $6.25.
Several equities analysts recently issued reports on ASPU shares. ValuEngine lowered Aspen Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded Aspen Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aspen Group presently has an average rating of “Buy” and a consensus target price of $12.13.
The company has a quick ratio of 2.80, a current ratio of 2.81 and a debt-to-equity ratio of 0.03. The stock has a market cap of $114.53 million, a PE ratio of -15.33 and a beta of 0.69.
In other Aspen Group news, Director Malcolm F. Iv Maclean acquired 4,909 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The stock was acquired at an average cost of $6.59 per share, for a total transaction of $32,350.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 11,296 shares of company stock valued at $77,411 over the last quarter. 26.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Standard LLC bought a new stake in Aspen Group in the 2nd quarter valued at approximately $134,000. BlackRock Inc. bought a new stake in Aspen Group in the 2nd quarter valued at approximately $284,000. Russell Investments Group Ltd. bought a new stake in Aspen Group in the 2nd quarter valued at approximately $2,467,000. Granite Investment Partners LLC lifted its stake in Aspen Group by 74.5% in the 2nd quarter. Granite Investment Partners LLC now owns 76,073 shares of the technology company’s stock valued at $569,000 after acquiring an additional 32,476 shares in the last quarter. Finally, Penn Capital Management Co. Inc. bought a new stake in Aspen Group in the 2nd quarter valued at approximately $561,000. Hedge funds and other institutional investors own 16.57% of the company’s stock.
Aspen Group Company Profile (NASDAQ:ASPU)
Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.
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