Aspen Aerogels (NYSE:ASPN) Reaches New 12-Month Low – Time to Sell?

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $6.60 and last traded at $6.79, with a volume of 285036 shares. The stock had previously closed at $6.93.

Analysts Set New Price Targets

Several research firms recently weighed in on ASPN. Roth Mkm reduced their price objective on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. B. Riley reduced their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a research note on Tuesday, March 11th. Craig Hallum reduced their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Seaport Res Ptn lowered shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.11.

Aspen Aerogels Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The stock’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $15.55. The stock has a market cap of $569.08 million, a P/E ratio of 43.22 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. As a group, research analysts forecast that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Institutional Trading of Aspen Aerogels

A number of institutional investors have recently made changes to their positions in the business. Abbot Financial Management Inc. lifted its position in shares of Aspen Aerogels by 3.9% in the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock worth $359,000 after purchasing an additional 1,146 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Aspen Aerogels by 5.3% in the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock worth $815,000 after purchasing an additional 1,483 shares in the last quarter. Invesco Ltd. increased its holdings in Aspen Aerogels by 3.5% during the fourth quarter. Invesco Ltd. now owns 50,871 shares of the construction company’s stock worth $604,000 after buying an additional 1,724 shares during the last quarter. Greenwood Capital Associates LLC increased its holdings in Aspen Aerogels by 5.0% during the fourth quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock worth $439,000 after buying an additional 1,749 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Aspen Aerogels by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 35,782 shares of the construction company’s stock worth $425,000 after buying an additional 2,118 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.