American Superconductor Corp. (NASDAQ:AMSC) shares rose 3.9% during mid-day trading on Monday . The stock traded as high as $9.38 and last traded at $9.33, with a volume of 95,586 shares. The stock had previously closed at $8.98.

AMSC has been the subject of several recent analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $14.00 target price on shares of American Superconductor Corp. in a report on Thursday, June 2nd. Zacks Investment Research cut shares of American Superconductor Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, Oppenheimer Holdings Inc. assumed 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.00.

The company’s 50 day moving average price is $8.81 and its 200 day moving average price is $8.39. The firm’s market capitalization is $130.62 million.

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

In other American Superconductor Corp. news, EVP James F. Maguire sold 29,938 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $10.15, for a total transaction of $303,870.70. Following the transaction, the executive vice president now directly owns 45,266 shares in the company, valued at approximately $459,449.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Henry sold 13,225 shares of the stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $8.38, for a total transaction of $110,825.50. 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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