American Superconductor Co. (NASDAQ:AMSC – Get Free Report) CEO Daniel P. Mcgahn sold 7,689 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $31.82, for a total transaction of $244,663.98. Following the transaction, the chief executive officer now directly owns 1,296,797 shares in the company, valued at approximately $41,264,080.54. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
American Superconductor Price Performance
Shares of American Superconductor stock opened at $29.67 on Thursday. American Superconductor Co. has a one year low of $13.98 and a one year high of $38.02. The business has a 50-day simple moving average of $22.87 and a 200 day simple moving average of $24.80. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 423.92 and a beta of 2.87.
American Superconductor (NASDAQ:AMSC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $66.66 million during the quarter, compared to analysts’ expectations of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. American Superconductor’s quarterly revenue was up 58.6% compared to the same quarter last year. On average, sell-side analysts expect that American Superconductor Co. will post 0.41 EPS for the current year.
Institutional Investors Weigh In On American Superconductor
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.
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