American Superconductor (NASDAQ:AMSC) Shares Gap Up to $26.25

American Superconductor Co. (NASDAQ:AMSC) shares gapped up prior to trading on Monday . The stock had previously closed at $26.25, but opened at $27.58. American Superconductor shares last traded at $27.91, with a volume of 193,679 shares trading hands.

Analyst Ratings Changes

AMSC has been the subject of several recent research reports. Roth Mkm raised their price target on American Superconductor from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Oppenheimer boosted their price objective on American Superconductor from $16.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st.

American Superconductor Stock Down 8.4 %

The firm has a market capitalization of $975.69 million, a price-to-earnings ratio of -67.62 and a beta of 2.17. The stock’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $16.20.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. American Superconductor had a negative net margin of 7.63% and a negative return on equity of 4.26%. The company had revenue of $42.03 million during the quarter, compared to analyst estimates of $36.75 million. On average, equities analysts expect that American Superconductor Co. will post -0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Superconductor news, CEO Daniel P. Mcgahn sold 20,559 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $304,684.38. Following the transaction, the chief executive officer now owns 1,057,121 shares in the company, valued at approximately $15,666,533.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Daniel P. Mcgahn sold 20,559 shares of American Superconductor stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $304,684.38. Following the completion of the transaction, the chief executive officer now directly owns 1,057,121 shares in the company, valued at $15,666,533.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John W. Kosiba, Jr. sold 29,000 shares of American Superconductor stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $14.82, for a total transaction of $429,780.00. Following the completion of the sale, the chief financial officer now directly owns 348,136 shares in the company, valued at approximately $5,159,375.52. The disclosure for this sale can be found here. Insiders have sold 118,724 shares of company stock valued at $2,234,333 in the last three months. 4.40% of the stock is currently owned by corporate insiders.

Institutional Trading of American Superconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Psagot Value Holdings Ltd. Israel bought a new position in shares of American Superconductor in the 4th quarter worth approximately $33,000. AJOVista LLC bought a new stake in shares of American Superconductor in the fourth quarter valued at about $69,000. Citigroup Inc. acquired a new stake in shares of American Superconductor in the 3rd quarter worth $92,000. Virtu Financial LLC acquired a new stake in American Superconductor in the first quarter worth about $152,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of American Superconductor in the first quarter worth about $153,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.