Somewhat Favorable News Coverage Somewhat Unlikely to Affect American Superconductor (AMSC) Share Price
News coverage about American Superconductor (NASDAQ:AMSC) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Superconductor earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.4368391053055 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of analysts recently commented on AMSC shares. FBR & Co reaffirmed a “hold” rating and set a $6.00 price target on shares of American Superconductor in a research report on Wednesday, September 27th. Zacks Investment Research raised American Superconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $6.82.
Shares of American Superconductor (AMSC) traded up $0.02 on Thursday, hitting $4.05. The company had a trading volume of 67,473 shares, compared to its average volume of 118,650. The stock has a market capitalization of $77.17, a P/E ratio of -2.04 and a beta of 0.90. American Superconductor has a one year low of $2.89 and a one year high of $7.82.
American Superconductor (NASDAQ:AMSC) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.25. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The business had revenue of $11.05 million during the quarter, compared to the consensus estimate of $10.93 million. During the same period last year, the business posted ($0.60) earnings per share. The business’s revenue for the quarter was down 40.3% on a year-over-year basis. equities analysts forecast that American Superconductor will post -2.08 EPS for the current fiscal year.
About American Superconductor
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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