American Superconductor Co. (NASDAQ:AMSC - Get Free Report) shares traded up 3.9% on Friday . The company traded as high as $30.26 and last traded at $30.36. 564,500 shares changed hands during trading, a decline of 51% from the average session volume of 1,141,398 shares. The stock had previously closed at $29.23.
American Superconductor Price Performance
The firm has a market capitalization of $1.17 billion, a P/E ratio of 423.20 and a beta of 2.87. The stock's 50 day moving average is $23.66 and its two-hundred day moving average is $24.59.
American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $66.66 million during the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The firm's revenue for the quarter was up 58.6% on a year-over-year basis. As a group, equities research analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.
Insider Buying and Selling
In other American Superconductor news, CFO John W. Kosiba, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total value of $1,320,000.00. Following the completion of the sale, the chief financial officer now owns 414,276 shares of the company's stock, valued at approximately $10,936,886.40. This represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the completion of the sale, the chief executive officer now directly owns 1,304,486 shares of the company's stock, valued at $34,425,385.54. The trade was a 8.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,088 shares of company stock valued at $4,952,531 over the last ninety days. Insiders own 4.40% of the company's stock.
Institutional Investors Weigh In On American Superconductor
Several large investors have recently bought and sold shares of AMSC. Gen Wealth Partners Inc bought a new stake in American Superconductor in the fourth quarter valued at approximately $58,000. SBI Securities Co. Ltd. bought a new stake in shares of American Superconductor during the fourth quarter worth $65,000. Jones Financial Companies Lllp increased its position in shares of American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after acquiring an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after acquiring an additional 2,948 shares in the last quarter. Finally, CWM LLC increased its position in shares of American Superconductor by 49.5% during the first quarter. CWM LLC now owns 7,915 shares of the technology company's stock worth $144,000 after acquiring an additional 2,622 shares in the last quarter. Institutional investors own 52.28% of the company's stock.
American Superconductor Company Profile
(
Get Free Report)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.
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