American Superconductor Target of Unusually Large Options Trading (NASDAQ:AMSC)

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) was the target of unusually large options trading on Thursday. Investors purchased 2,896 call options on the stock. This is an increase of 90% compared to the typical volume of 1,525 call options.

Analysts Set New Price Targets

Separately, Oppenheimer lifted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, February 7th.

American Superconductor Price Performance

NASDAQ AMSC traded up $1.42 during mid-day trading on Tuesday, reaching $26.70. 916,802 shares of the stock were exchanged, compared to its average volume of 895,097. American Superconductor has a one year low of $13.98 and a one year high of $38.02. The stock has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $24.94. The stock has a market cap of $1.05 billion, a P/E ratio of 381.63 and a beta of 2.81.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued 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. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. The firm had revenue of $66.66 million during the quarter, compared to the consensus estimate of $60.27 million. The firm's revenue was up 58.6% on a year-over-year basis. Sell-side analysts anticipate that American Superconductor will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On American Superconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Gen Wealth Partners Inc acquired a new stake in American Superconductor in the fourth quarter worth $58,000. SBI Securities Co. Ltd. bought a new position in shares of American Superconductor during the 4th quarter worth about $65,000. Jones Financial Companies Lllp grew its stake in shares of American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after buying an additional 2,948 shares during the period. Finally, CWM LLC increased its position in American Superconductor by 49.5% in the 1st quarter. CWM LLC now owns 7,915 shares of the technology company's stock valued at $144,000 after buying an additional 2,622 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

American Superconductor Company Profile

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.