Aspen Aerogels (NYSE:ASPN) Sets New 12-Month Low – What’s Next?

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) hit a new 52-week low on Friday . The company traded as low as $6.55 and last traded at $6.60, with a volume of 1933584 shares trading hands. The stock had previously closed at $6.95.

Analyst Ratings Changes

ASPN has been the subject of several research analyst reports. StockNews.com raised Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. Roth Mkm reduced their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group decreased their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 14th. Barclays dropped their price objective on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Seaport Res Ptn lowered shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Price Performance

The stock’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $14.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The firm has a market capitalization of $541.48 million, a price-to-earnings ratio of 41.22 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sandia Investment Management LP acquired a new stake in shares of Aspen Aerogels in the fourth quarter worth $89,000. Wealth Enhancement Advisory Services LLC bought a new stake in Aspen Aerogels in the 4th quarter valued at $129,000. AlphaQuest LLC grew its position in Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company’s stock worth $135,000 after purchasing an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Aspen Aerogels during the 4th quarter worth about $164,000. Finally, Connors Investor Services Inc. acquired a new position in shares of Aspen Aerogels during the fourth quarter valued at about $168,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

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.