Aspen Aerogels, Inc. (NYSE:ASPN) shares saw strong trading volume on Thursday . 3,015,569 shares were traded during trading, an increase of 5,208% from the previous session’s volume of 56,817 shares.The stock last traded at $4.77 and had previously closed at $4.76.

Separately, Zacks Investment Research upgraded shares of Aspen Aerogels from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Wednesday, August 9th.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. The firm had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $28.23 million. During the same quarter in the prior year, the business earned ($0.13) EPS. Aspen Aerogels’s quarterly revenue was down 8.1% compared to the same quarter last year. equities research analysts predict that Aspen Aerogels, Inc. will post -0.88 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Aspen Aerogels in the 2nd quarter worth $330,000. Dimensional Fund Advisors LP lifted its stake in shares of Aspen Aerogels by 384.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 80,149 shares of the construction company’s stock worth $349,000 after acquiring an additional 63,605 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Aspen Aerogels in the 3rd quarter worth $823,000. Quantum Capital Management lifted its stake in shares of Aspen Aerogels by 1,552.9% in the 3rd quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock worth $974,000 after acquiring an additional 210,416 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Aspen Aerogels by 12.5% in the 1st quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock worth $1,089,000 after acquiring an additional 29,200 shares during the period. Institutional investors own 74.40% of the company’s stock.

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Aspen Aerogels Company Profile

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.

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