Advanced Energy Industries (AEIS) Trading Up 10.9%

Advanced Energy Industries, Inc. (NASDAQ:AEIS)’s share price was up 10.9% during mid-day trading on Wednesday . The company traded as high as $54.32 and last traded at $53.84. Approximately 722,594 shares traded hands during mid-day trading, an increase of 143% from the average daily volume of 297,871 shares. The stock had previously closed at $48.53.

A number of equities analysts have issued reports on AEIS shares. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b” rating in a report on Wednesday, April 3rd. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. ValuEngine raised Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Susquehanna Bancshares raised Advanced Energy Industries from a “neutral” rating to a “positive” rating and upped their target price for the stock from $45.00 to $82.00 in a report on Wednesday. Finally, Zacks Investment Research cut Advanced Energy Industries from a “hold” rating to a “strong sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.80.

The stock has a market cap of $1.81 billion, a P/E ratio of 12.85, a PEG ratio of 2.76 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23.



Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, May 6th. The electronics maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The firm had revenue of $140.74 million for the quarter, compared to analyst estimates of $143.63 million. During the same quarter in the previous year, the company posted $1.34 EPS. The business’s revenue was down 28.1% on a year-over-year basis. As a group, equities analysts expect that Advanced Energy Industries, Inc. will post 1.71 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. Pearl River Capital LLC grew its position in shares of Advanced Energy Industries by 214.4% in the 1st quarter. Pearl River Capital LLC now owns 1,572 shares of the electronics maker’s stock valued at $78,000 after buying an additional 1,072 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Advanced Energy Industries by 471.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,890 shares of the electronics maker’s stock valued at $89,000 after purchasing an additional 1,559 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Advanced Energy Industries by 15.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 393 shares in the last quarter. Brasada Capital Management LP bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at about $172,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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Advanced Energy Industries Company Profile (NASDAQ:AEIS)

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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