American Superconductor Corp. (NASDAQ:AMSC) dropped 5% during trading on Tuesday . The stock traded as low as $8.80 and last traded at $8.83, with a volume of 62,804 shares changing hands. The stock had previously closed at $9.29.

Several research analysts recently issued reports on AMSC shares. Rodman & Renshaw reiterated a “neutral” rating on shares of American Superconductor Corp. in a research report on Friday, April 1st. Zacks Investment Research upgraded shares of American Superconductor Corp. from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Monday, April 4th. FBR & Co started coverage on shares of American Superconductor Corp. in a research report on Thursday, May 19th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, Oppenheimer Holdings Inc. started coverage on shares of American Superconductor Corp. in a research report on Monday, June 20th. They set an “outperform” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. American Superconductor Corp. presently has an average rating of “Buy” and an average target price of $11.00.

The firm has a 50 day moving average of $8.72 and a 200 day moving average of $8.12. The stock’s market capitalization is $124.16 million.

American Superconductor Corp. (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, May 31st. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.32. During the same quarter in the previous year, the business earned ($0.69) EPS. The firm had revenue of $27.50 million for the quarter, compared to the consensus estimate of $20.16 million. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that American Superconductor Corp. will post ($2.16) earnings per share for the current fiscal year.

In other American Superconductor Corp. news, CFO David A. Henry sold 13,225 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $8.38, for a total transaction of $110,825.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James F. Maguire sold 29,938 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $10.15, for a total value of $303,870.70. Following the completion of the transaction, the executive vice president now owns 45,266 shares in the company, valued at approximately $459,449.90. The disclosure for this sale can be found here.

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Gridtec Solutions brand, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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