American Superconductor Corp. (NASDAQ:AMSC) shares traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $7.04 and last traded at $7.09, with a volume of 68,849 shares trading hands. The stock had previously closed at $7.49.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded American Superconductor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. FBR & Co cut their price target on American Superconductor Corp. from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. assumed coverage on American Superconductor Corp. in a research note on Monday, June 20th. They set an “outperform” rating and a $12.00 price target on the stock. Two 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 price target of $10.40.

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

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

In related news, CFO David A. Henry sold 13,225 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $8.38, for a total value of $110,825.50. The transaction was disclosed in a filing with the SEC, which is available through this link.

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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