American Superconductor (NASDAQ:AMSC) Shares Down 8.5% – Time to Sell?

American Superconductor Corporation (NASDAQ:AMSC) was down 8.5% on Monday . The stock traded as low as $49.53 and last traded at $50.3990. Approximately 523,683 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,152,816 shares. The stock had previously closed at $55.06.

Wall Street Analyst Weigh In

Several brokerages have commented on AMSC. Weiss Ratings raised American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

American Superconductor Price Performance

The company has a market cap of $2.27 billion, a PE ratio of 16.28 and a beta of 3.28. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $40.23 and a 200-day simple moving average of $35.72.

Institutional Trading of American Superconductor

Several large investors have recently bought and sold shares of AMSC. Vanguard Group Inc. lifted its stake in shares of American Superconductor by 19.6% during the fourth quarter. Vanguard Group Inc. now owns 3,526,632 shares of the technology company’s stock worth $101,496,000 after buying an additional 576,831 shares during the period. UBS Group AG raised its stake in shares of American Superconductor by 284.3% in the fourth quarter. UBS Group AG now owns 744,563 shares of the technology company’s stock worth $21,429,000 after purchasing an additional 550,829 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Superconductor by 221.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock worth $45,164,000 after purchasing an additional 524,061 shares during the period. Atreides Management LP lifted its holdings in shares of American Superconductor by 34.0% during the second quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock worth $40,523,000 after purchasing an additional 280,418 shares during the period. Finally, First Trust Advisors LP boosted its position in American Superconductor by 49.0% in the fourth quarter. First Trust Advisors LP now owns 682,967 shares of the technology company’s stock valued at $19,656,000 after buying an additional 224,576 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

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.