Aspen Aerogels (NYSE:ASPN) Trading 7.2% Higher

Aspen Aerogels, Inc. (NYSE:ASPN) shot up 7.2% on Tuesday . The company traded as high as $16.32 and last traded at $16.27. 90,570 shares were traded during mid-day trading, a decline of 91% from the average session volume of 956,775 shares. The stock had previously closed at $15.18.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ASPN shares. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Canaccord Genuity Group lifted their price target on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 27th. Canaccord Genuity Group lifted their target price on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, December 27th. HC Wainwright restated a “buy” rating and issued a $20.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, February 14th. Finally, Roth Mkm initiated coverage on shares of Aspen Aerogels in a research report on Wednesday, March 6th. They set a “buy” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Aspen Aerogels Trading Up 7.0 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 3.41 and a quick ratio of 2.91. The business’s 50-day moving average price is $16.52 and its two-hundred day moving average price is $13.15. The company has a market capitalization of $1.25 billion, a P/E ratio of -24.50 and a beta of 2.04.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. The company had revenue of $84.22 million during the quarter, compared to analysts’ expectations of $83.82 million. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. During the same quarter in the prior year, the company earned ($0.20) earnings per share. As a group, analysts forecast that Aspen Aerogels, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASPN. Vanguard Group Inc. raised its stake in shares of Aspen Aerogels by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock worth $29,635,000 after purchasing an additional 14,013 shares in the last quarter. AIGH Capital Management LLC increased its stake in Aspen Aerogels by 3.0% in the fourth quarter. AIGH Capital Management LLC now owns 1,804,484 shares of the construction company’s stock valued at $28,475,000 after acquiring an additional 52,462 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Aspen Aerogels by 53.9% in the fourth quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company’s stock worth $18,211,000 after acquiring an additional 404,042 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Aspen Aerogels by 13.5% during the third quarter. UniSuper Management Pty Ltd now owns 1,083,836 shares of the construction company’s stock worth $9,321,000 after purchasing an additional 128,974 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in Aspen Aerogels during the fourth quarter worth approximately $12,015,000. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.