American Superconductor (NASDAQ:AMSC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research lowered American Superconductor from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. American Superconductor presently has a consensus rating of “Hold” and a consensus price target of $14.20.

Shares of AMSC stock traded up $0.97 during trading hours on Wednesday, hitting $9.64. The company had a trading volume of 568,040 shares, compared to its average volume of 314,150. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.09. The stock has a market capitalization of $187.01 million, a PE ratio of -12.20 and a beta of 1.11. The company’s fifty day moving average is $8.05 and its 200 day moving average is $10.50. American Superconductor has a fifty-two week low of $5.70 and a fifty-two week high of $16.44.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.04. The firm had revenue of $13.77 million during the quarter, compared to the consensus estimate of $10.95 million. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. During the same quarter last year, the firm earned ($0.18) EPS. Equities analysts forecast that American Superconductor will post -1.33 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Bank of Montreal Can lifted its position in shares of American Superconductor by 175.3% during the second quarter. Bank of Montreal Can now owns 2,753 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,753 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of American Superconductor by 1,087.0% in the second quarter. JPMorgan Chase & Co. now owns 5,769 shares of the technology company’s stock valued at $51,000 after purchasing an additional 5,283 shares in the last quarter. Royal Bank of Canada increased its stake in American Superconductor by 29.4% during the 2nd quarter. Royal Bank of Canada now owns 12,669 shares of the technology company’s stock worth $118,000 after buying an additional 2,875 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in American Superconductor during the 2nd quarter worth approximately $148,000. Finally, Alps Advisors Inc. acquired a new stake in American Superconductor during the 1st quarter worth approximately $171,000. Institutional investors own 45.79% of the company’s stock.

About American Superconductor

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

See Also: Economic Reports

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.