American Superconductor (NASDAQ:AMSC) Shares Pass Above Two Hundred Day Moving Average of $9.06

Shares of American Superconductor Co. (NASDAQ:AMSCGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.06 and traded as high as $10.97. American Superconductor shares last traded at $10.59, with a volume of 1,227,400 shares traded.

Wall Street Analyst Weigh In

Separately, Roth Mkm boosted their target price on shares of American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.

View Our Latest Report on American Superconductor

American Superconductor Trading Up 6.3 %

The company’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $9.08. The company has a market cap of $335.99 million, a P/E ratio of -18.53 and a beta of 1.91.

Institutional Investors Weigh In On American Superconductor

Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC bought a new stake in shares of American Superconductor during the 3rd quarter worth about $5,291,000. Baillie Gifford & Co. raised its position in shares of American Superconductor by 39.9% in the fourth quarter. Baillie Gifford & Co. now owns 2,086,279 shares of the technology company’s stock valued at $23,241,000 after purchasing an additional 594,909 shares during the period. Millennium Management LLC boosted its holdings in shares of American Superconductor by 550.2% during the 2nd quarter. Millennium Management LLC now owns 579,500 shares of the technology company’s stock worth $3,002,000 after buying an additional 490,379 shares during the period. Invesco Ltd. raised its holdings in American Superconductor by 58.9% in the 3rd quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock worth $6,591,000 after acquiring an additional 323,472 shares during the period. Finally, Trexquant Investment LP acquired a new position in American Superconductor during the 3rd quarter worth $1,290,000. Institutional investors own 43.23% of the company’s stock.

About American Superconductor

(Get Free Report)

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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