Aspen Aerogels (ASPN) Sets New 12-Month High at $4.98
Aspen Aerogels Inc (NYSE:ASPN) shares reached a new 52-week high on Tuesday . The stock traded as high as $4.98 and last traded at $4.83, with a volume of 30600 shares traded. The stock had previously closed at $4.84.
Separately, Zacks Investment Research cut shares of Aspen Aerogels from a “buy” rating to a “hold” rating in a research report on Monday, September 11th.
Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The company had revenue of $27.20 million for the quarter, compared to analysts’ expectations of $28.23 million. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. Aspen Aerogels’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.13) earnings per share. equities analysts forecast that Aspen Aerogels Inc will post -0.88 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of ASPN. Mesirow Financial Investment Management Inc. purchased a new stake in Aspen Aerogels in the second quarter worth approximately $330,000. Dimensional Fund Advisors LP boosted its stake in Aspen Aerogels by 384.5% in the third quarter. Dimensional Fund Advisors LP now owns 80,149 shares of the construction company’s stock worth $349,000 after buying an additional 63,605 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Aspen Aerogels in the third quarter worth approximately $823,000. Quantum Capital Management boosted its stake in shares of Aspen Aerogels by 1,552.9% during the third quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock valued at $974,000 after purchasing an additional 210,416 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Aspen Aerogels by 12.5% during the first quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock valued at $1,089,000 after purchasing an additional 29,200 shares during the period. 74.40% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/05/aspen-aerogels-aspn-sets-new-12-month-high-at-4-98.html.
About Aspen Aerogels
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.
Receive News & Stock Ratings for Aspen Aerogels Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Aerogels Inc and related stocks with our FREE daily email newsletter.