Aspen Aerogels (ASPN) Sees Strong Trading Volume
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.
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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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