American Superconductor Corporation (NASDAQ:AMSC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.01 and last traded at $3.01, with a volume of 186,754 shares. The stock had previously closed at $3.13.

Several equities research analysts recently issued reports on the company. FBR & Co reissued a “buy” rating and issued a $9.00 price objective on shares of American Superconductor Corporation in a research note on Friday, May 5th. Cowen and Company reissued an “outperform” rating and issued a $8.00 price objective (down from $10.50) on shares of American Superconductor Corporation in a research note on Friday, April 28th. Rodman & Renshaw reissued a “buy” rating and issued a $7.50 price objective (down from $10.00) on shares of American Superconductor Corporation in a research note on Friday, April 28th. ValuEngine downgraded American Superconductor Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $7.50 price objective (down from $10.00) on shares of American Superconductor Corporation in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. American Superconductor Corporation presently has an average rating of “Hold” and an average target price of $7.71.

The stock’s market capitalization is $58.19 million. The firm has a 50 day moving average price of $4.23 and a 200-day moving average price of $5.52.

American Superconductor Corporation (NASDAQ:AMSC) last posted its earnings results on Thursday, May 25th. The technology company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.04. American Superconductor Corporation had a negative return on equity of 42.53% and a negative net margin of 36.40%. The firm had revenue of $16.20 million during the quarter, compared to analysts’ expectations of $15.36 million. During the same period in the previous year, the firm earned ($0.28) earnings per share. The company’s revenue was down 41.1% on a year-over-year basis. On average, analysts anticipate that American Superconductor Corporation will post ($2.02) earnings per share for the current fiscal year.

In other news, Director Vikram S. Budhraja acquired 12,500 shares of American Superconductor Corporation stock in a transaction dated Wednesday, May 10th. The stock was bought at an average cost of $4.00 per share, with a total value of $50,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Mcgahn acquired 25,000 shares of American Superconductor Corporation stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $4.00 per share, with a total value of $100,000.00. The disclosure for this purchase can be found here. Insiders have bought 43,750 shares of company stock valued at $175,000 over the last ninety days. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AMSC. LMR Partners LLP purchased a new position in American Superconductor Corporation during the second quarter valued at $169,000. Prescott Group Capital Management L.L.C. purchased a new position in American Superconductor Corporation during the second quarter valued at $1,120,000. PEAK6 Investments L.P. purchased a new position in American Superconductor Corporation during the first quarter valued at $612,000. Renaissance Technologies LLC boosted its position in American Superconductor Corporation by 7.9% in the first quarter. Renaissance Technologies LLC now owns 459,588 shares of the technology company’s stock valued at $3,153,000 after buying an additional 33,700 shares in the last quarter. Finally, GMT Capital Corp purchased a new position in American Superconductor Corporation during the first quarter valued at $213,000. 31.11% of the stock is owned by institutional investors.

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American Superconductor Corporation Company Profile

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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