Shares of American Superconductor Corp. (NASDAQ:AMSC) traded up 6.6% on Tuesday . The company traded as high as $7.40 and last traded at $7.31, with a volume of 77,867 shares traded. The stock had previously closed at $6.86.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded American Superconductor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. FBR & Co started coverage on American Superconductor Corp. in a research note on Thursday, May 19th. They issued an “outperform” rating and a $14.00 target price for the company. Finally, Oppenheimer Holdings Inc. started coverage on American Superconductor Corp. in a research note on Monday, June 20th. They issued an “outperform” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.40.

The stock’s 50-day moving average price is $8.30 and its 200-day moving average price is $8.44. The company’s market capitalization is $100.59 million.

American Superconductor Corp. (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.28. During the same quarter in the previous year, the company earned ($0.72) earnings per share. The business had revenue of $13.30 million for the quarter, compared to analysts’ expectations of $13.39 million. The business’s quarterly revenue was down 43.9% on a year-over-year basis. Analysts expect that American Superconductor Corp. will post ($2.32) earnings per share for the current fiscal year.

In other American Superconductor Corp. news, CFO David A. Henry sold 13,225 shares of the company’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $8.38, for a total transaction of $110,825.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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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