American Superconductor Stock Gaps Up On Today's Open (AMSC)

NEW YORK ( TheStreet) -- Shares of American Superconductor Corporation (Nasdaq: AMSC) were gapping up Friday morning with an open price 10.3% higher than Thursday's closing price. The stock closed at $4.47 Thursday and opened today's trading at $4.93.

The average volume for American Superconductor has been 1.2 million shares per day over the past 30 days. American Superconductor has a market cap of $240.8 million and is part of the technology sector and electronics industry. Shares are down 84.4% year to date as of the close of trading on Thursday.

American Superconductor Corporation, a power technologies company, provides wind turbine designs and electrical control systems primarily in North America, Europe, and the Asia-Pacific. The company has a P/E ratio of 5.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Superconductor as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full American Superconductor Ratings Report.

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