American Superconductor (NASDAQ:AMSC) Shares Gap Down – Should You Sell?

American Superconductor Co. (NASDAQ:AMSC) gapped down before the market opened on Monday . The stock had previously closed at $15.80, but opened at $14.04. American Superconductor shares last traded at $14.49, with a volume of 89,745 shares.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

American Superconductor Stock Up 17.6 %

The company has a market capitalization of $742.24 million, a PE ratio of 268.75 and a beta of 2.58. The firm has a 50-day moving average of $22.97 and a two-hundred day moving average of $25.79.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, equities research analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.

Hedge Funds Weigh In On American Superconductor

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in American Superconductor in the fourth quarter valued at approximately $11,360,000. Raymond James Financial Inc. acquired a new stake in shares of American Superconductor in the fourth quarter valued at $10,188,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Superconductor in the 4th quarter valued at $7,310,000. Balyasny Asset Management L.P. acquired a new position in American Superconductor during the 4th quarter worth about $5,886,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after acquiring an additional 206,655 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.