American Superconductor (NASDAQ:AMSC) Lifts Revenue Guidance for Fiscal Q4

American Superconductor Corporation (NASDAQ:AMSC) on Monday boosted its revenue forecast for the fiscal Q4. Shares of wind and grid sector solutions provider American Superconductor moved up around 6% in extended trading session after the news.

The Devens, Massachusetts based company presently projects fiscal Q4 revenues in between $19 million to $20 million. The company earlier projects the revenue of around $18 million for three months period.

Chief executive officer of American Superconductor Daniel McGahn reported that AMSC has been concerned on building a sustainable, profitable unit through lower costs, minimized cash usage and lifted revenue.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. AZZ Incorporated (NYSE:AZZ) fell -3.07% to settle at $46.72, General Cable Corporation (NYSE:BGC) moved down -2.65% to end at $35.66 while Pulse Electronics Corp (NYSE:PULS) dropped -3.70% to finish at $0.390 on Monday.

American Superconductor Corporation (NASDAQ:AMSC) on April 01, 2013 decreased -3.75% to the closing price of $2.57. The overall volume in the last trading session was 478,303 shares. Its fifty two weeks range was $2.40 – $4.96. The total market capitalization remained at $147.88 million.

AMSC is ahead of its 52-week low with 7.08% and lagging behind from its 52-week high price with -48.19%. AMSC’s last month’s stock price volatility remained 4.34%. In its share capital AMSC has 57.54million outstanding shares, among them 42.48 million shares have been floated in market exchange. AMSC’s stock’s institutional ownership remained 30.39% while insider ownership included 1.92%.

The stock price of AMSC is moving down from its 20 days moving average with -6.80% and remote negatively from 50 days moving average with -9.48%. AMSC’s current year’s earnings per share experienced an addition with 31.95% while its current quarter performance remained at -2.65%. Company’s beta coefficient included 1.60. Beta factors measure the amount of market risk associated with market trade.

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