Media stories about Advanced Energy Industries (NASDAQ:AEIS) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Energy Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 46.4223789958423 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- 6 Stocks Trading Below Peter Lynch Value – GuruFocus.com (gurufocus.com)
- Hold sentiment on Stock: Advanced Energy Industries, Inc. (AEIS) – Street Observer (press release) (streetobserver.com)
- Five Ways To Spot The Bullish Base-On-Base Stock Pattern (finance.yahoo.com)
- Notable Runners -: Advanced Energy Industries, Inc., (NASDAQ:AEIS), Altra Industrial Motion Corp., (NASDAQ:AIMC) – Stocks In The News (press release) (tradingnewsnow.com)
- Global Advanced Energy Storage Technologies Market Analysis, Trends & Competitor Analysis upto 2025 (openpr.com)
AEIS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target on the stock. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.60.
Shares of Advanced Energy Industries (NASDAQ AEIS) opened at 84.11 on Wednesday. Advanced Energy Industries has a 12-month low of $45.47 and a 12-month high of $86.25. The stock has a 50 day moving average of $76.00 and a 200 day moving average of $73.13. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 21.37 and a beta of 1.38.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.15. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter last year, the business earned $0.73 earnings per share. Advanced Energy Industries’s revenue was up 39.7% on a year-over-year basis. On average, equities analysts expect that Advanced Energy Industries will post $4.59 earnings per share for the current fiscal year.
In other Advanced Energy Industries news, CFO Thomas Liguori sold 16,000 shares of Advanced Energy Industries stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yuval Wasserman sold 11,744 shares of Advanced Energy Industries stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total value of $881,856.96. Following the completion of the transaction, the chief executive officer now owns 127,396 shares in the company, valued at approximately $9,566,165.64. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by company insiders.
About Advanced Energy Industries
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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