American Superconductor (NASDAQ:AMSC) Stock Price Down 10.8% – What’s Next?

American Superconductor Corporation (NASDAQ:AMSC)’s share price traded down 10.8% during trading on Tuesday . The company traded as low as $52.70 and last traded at $52.3890. 533,867 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,153,898 shares. The stock had previously closed at $58.72.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMSC. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Zacks Research lowered shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

American Superconductor Trading Down 7.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66. The company has a 50 day simple moving average of $37.63 and a two-hundred day simple moving average of $35.95. The firm has a market cap of $2.58 billion, a PE ratio of 18.47 and a beta of 3.28.

Institutional Trading of American Superconductor

A number of institutional investors have recently bought and sold shares of the business. Lodestone Wealth Management LLC acquired a new stake in shares of American Superconductor during the fourth quarter worth about $30,000. Rockefeller Capital Management L.P. increased its position in American Superconductor by 45.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after acquiring an additional 492 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in American Superconductor in the 4th quarter valued at about $60,000. Canada Pension Plan Investment Board increased its position in American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its position in American Superconductor by 275.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,625 shares of the technology company’s stock valued at $76,000 after acquiring an additional 1,925 shares during the period. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Company Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.