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

A number of equities research analysts recently issued reports on the company. FBR & Co reduced their target price on American Superconductor Corp. from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zacks Investment Research upgraded American Superconductor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. started coverage on American Superconductor Corp. in a report on Monday, June 20th. They issued an “outperform” rating and a $12.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.40.

The stock’s market capitalization is $100.42 million. The company has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.39.

American Superconductor Corp. (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.28. The company had revenue of $13.30 million for the quarter, compared to analyst estimates of $13.39 million. During the same quarter in the prior year, the business earned ($0.72) EPS. American Superconductor Corp.’s revenue was down 43.9% compared to the same quarter last year. Analysts predict that American Superconductor Corp. will post ($2.35) earnings per share for the current year.

In related news, EVP James F. Maguire sold 29,938 shares of the firm’s stock in a transaction that occurred on 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 owns 45,266 shares in the company, valued at $459,449.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David A. Henry sold 13,225 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The shares were 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.