John W. Kosiba, Jr. Sells 8,473 Shares of American Superconductor Co. (NASDAQ:AMSC) Stock
American Superconductor Co. (NASDAQ:AMSC – Get Rating) CFO John W. Kosiba, Jr. sold 8,473 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $5.97, for a total value of $50,583.81. Following the completion of the transaction, the chief financial officer now owns 188,759 shares of the company’s stock, valued at approximately $1,126,891.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of American Superconductor stock traded up $0.15 on Monday, hitting $6.07. 506,791 shares of the company’s stock traded hands, compared to its average volume of 271,090. American Superconductor Co. has a 52-week low of $4.45 and a 52-week high of $19.43. The stock has a market cap of $173.12 million, a P/E ratio of -8.67 and a beta of 1.37. The firm’s 50-day moving average is $5.95 and its 200 day moving average is $8.18.
American Superconductor (NASDAQ:AMSC – Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The technology company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.04. American Superconductor had a negative net margin of 17.70% and a negative return on equity of 19.02%. During the same quarter in the prior year, the business posted ($0.25) EPS. As a group, equities research analysts predict that American Superconductor Co. will post -0.85 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in American Superconductor by 4,040.0% in the third quarter. UBS Group AG now owns 3,312 shares of the technology company’s stock valued at $49,000 after buying an additional 3,232 shares during the last quarter. Citigroup Inc. grew its position in shares of American Superconductor by 187.2% in the 3rd quarter. Citigroup Inc. now owns 3,791 shares of the technology company’s stock worth $55,000 after acquiring an additional 2,471 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of American Superconductor in the 1st quarter valued at approximately $102,000. BNP Paribas Arbitrage SA raised its position in shares of American Superconductor by 163.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,137 shares of the technology company’s stock valued at $104,000 after acquiring an additional 4,433 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in American Superconductor during the fourth quarter worth $112,000. Institutional investors and hedge funds own 58.19% of the company’s stock.
AMSC has been the subject of several analyst reports. Craig Hallum decreased their target price on shares of American Superconductor to $11.00 in a research note on Friday, June 3rd. Roth Capital decreased their price objective on shares of American Superconductor from $23.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Finally, StockNews.com lowered American Superconductor from a “hold” rating to a “sell” rating in a research report on Sunday, June 5th.
American Superconductor Company Profile (Get Rating)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.
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