American Superconductor Corporation (AMSC) Soars 13.44% on March 12

Equities Staff  |

American Superconductor Corporation (AMSC) had a good day on the market for Monday March 12 as shares jumped 13.44% to close at $5.74. About 384,004 shares traded hands on 1,966 trades for the day, compared with an average daily volume of 227,750 shares out of a total float of 20.94 million. After opening the trading day at $5.11, shares of American Superconductor Corporation stayed within a range of $6.07 to $5.11.

With today's gains, American Superconductor Corporation now has a market cap of $120.18 million. Shares of American Superconductor Corporation have been trading within a range of $7.75 and $2.89 over the last year, and it had a 50-day SMA of $4.87 and a 200-day SMA of $4.19.

American Superconductor Corp provides megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. The Company's business segments are Wind and Grid.

American Superconductor Corporation is based out of Devens, MA and has some 354 employees. Its CEO is Daniel P. McGahn.

For a complete fundamental analysis of American Superconductor Corporation, check out Equities.com’s Stock Valuation Analysis report for AMSC.

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American Superconductor Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on American Superconductor Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: AMSC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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