Aspen Aerogels (ASPN) Receives Daily Coverage Optimism Score of 0.07
News coverage about Aspen Aerogels (NYSE:ASPN) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Aerogels earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.2150566346494 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.01. The company had revenue of $25.10 million for the quarter, compared to the consensus estimate of $24.79 million. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. Aspen Aerogels’s revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) earnings per share.
A number of brokerages have issued reports on ASPN. Zacks Investment Research raised Aspen Aerogels from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Tuesday, September 19th. ValuEngine lowered Aspen Aerogels from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Citigroup Inc. boosted their target price on Aspen Aerogels from $4.50 to $4.75 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Aspen Aerogels has an average rating of “Hold” and a consensus price target of $5.08.
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About Aspen Aerogels
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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