American Superconductor Corp. (NASDAQ:AMSC) shares fell 20.4% on Tuesday . The stock traded as low as $7.00 and last traded at $7.40, with a volume of 440,847 shares. The stock had previously closed at $9.30.

Several brokerages have weighed in on AMSC. Zacks Investment Research raised shares of American Superconductor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. FBR & Co began coverage on shares of American Superconductor Corp. in a report on Thursday, May 19th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Oppenheimer Holdings Inc. began coverage on shares of American Superconductor Corp. in a report on Monday, June 20th. They set an “outperform” rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.00.

The firm’s market capitalization is $100.98 million. The company’s 50-day moving average is $8.81 and its 200-day moving average is $8.39.

American Superconductor Corp. (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.28. The business earned $13.30 million during the quarter, compared to analyst estimates of $13.39 million. During the same quarter last year, the firm earned ($0.72) earnings per share. American Superconductor Corp.’s revenue was down 43.9% compared to the same quarter last year. On average, equities research analysts anticipate that American Superconductor Corp. will post ($2.16) earnings per share for the current fiscal year.

In other news, CFO David A. Henry sold 13,225 shares of the business’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $8.38, for a total value of $110,825.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James F. Maguire sold 29,938 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $10.15, for a total transaction of $303,870.70. Following the completion of the sale, the executive vice president now owns 45,266 shares of the company’s stock, valued at $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 operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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