Advanced Energy Industries Inc. (NASDAQ:AEIS) shares reached a new 52-week high during trading on Friday . The stock traded as high as $43.83 and last traded at $43.67, with a volume of 219,812 shares changing hands. The stock had previously closed at $42.28.

AEIS has been the topic of several research reports. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, May 4th. Citigroup Inc. lowered Advanced Energy Industries to a “market perform” rating in a research report on Thursday, July 14th. They noted that the move was a valuation call. Raymond James Financial Inc. lowered Advanced Energy Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 14th. Finally, Dougherty & Co lifted their target price on Advanced Energy Industries from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $40.20.

The company has a 50-day moving average price of $40.29 and a 200-day moving average price of $35.39. The stock has a market capitalization of $1.73 billion and a price-to-earnings ratio of 16.73.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $118.80 million for the quarter, compared to analysts’ expectations of $111.52 million. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts anticipate that Advanced Energy Industries Inc. will post $2.71 EPS for the current fiscal year.

Other institutional investors recently bought and sold shares of the company. KBC Group NV boosted its position in Advanced Energy Industries by 19.6% in the fourth quarter. KBC Group NV now owns 54,851 shares of the company’s stock valued at $1,548,000 after buying an additional 8,986 shares in the last quarter. Marshall Wace LLP bought a new position in Advanced Energy Industries during the fourth quarter valued at approximately $1,561,000. Finally, Bank of Montreal Can boosted its position in Advanced Energy Industries by 253.5% in the fourth quarter. Bank of Montreal Can now owns 83,502 shares of the company’s stock valued at $2,358,000 after buying an additional 59,879 shares in the last quarter.

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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