Shares of Aspen Aerogels Inc (NYSE:ASPN) hit a new 52-week low on Thursday . The stock traded as low as $3.93 and last traded at $4.14, with a volume of 1010 shares changing hands. The stock had previously closed at $4.18.

Several brokerages have recently weighed in on ASPN. ValuEngine upgraded Aspen Aerogels from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Canaccord Genuity set a $6.00 target price on Aspen Aerogels and gave the company a “buy” rating in a research note on Tuesday, July 24th.

The company has a market cap of $109.41 million, a price-to-earnings ratio of -4.78 and a beta of 1.15.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Thursday, August 2nd. The construction company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The business had revenue of $21.67 million for the quarter. Aspen Aerogels had a negative net margin of 17.14% and a negative return on equity of 19.23%. Sell-side analysts anticipate that Aspen Aerogels Inc will post -0.91 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in ASPN. Prudential Financial Inc. acquired a new stake in shares of Aspen Aerogels during the first quarter valued at about $100,000. Dimensional Fund Advisors LP grew its stake in Aspen Aerogels by 23.5% in the first quarter. Dimensional Fund Advisors LP now owns 160,515 shares of the construction company’s stock worth $685,000 after purchasing an additional 30,593 shares in the last quarter. Quantum Capital Management grew its stake in Aspen Aerogels by 5.5% in the second quarter. Quantum Capital Management now owns 348,699 shares of the construction company’s stock worth $1,709,000 after purchasing an additional 18,155 shares in the last quarter. Harvey Partners LLC grew its stake in Aspen Aerogels by 14.6% in the first quarter. Harvey Partners LLC now owns 550,000 shares of the construction company’s stock worth $2,349,000 after purchasing an additional 70,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Aspen Aerogels by 12.6% in the second quarter. Renaissance Technologies LLC now owns 483,800 shares of the construction company’s stock worth $2,371,000 after purchasing an additional 54,100 shares in the last quarter. Institutional investors own 69.83% of the company’s stock.

About Aspen Aerogels (NYSE:ASPN)

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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