Aspen Aerogels (NYSE:ASPN) Stock Price Up 7.2%

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price shot up 7.2% during trading on Tuesday . The stock traded as high as $16.32 and last traded at $16.27. 90,570 shares changed hands during trading, a decline of 91% from the average session volume of 956,775 shares. The stock had previously closed at $15.18.

Analyst Ratings Changes

Several brokerages have issued reports on ASPN. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Canaccord Genuity Group boosted their price target on Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity Group lifted their price objective on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. Roth Mkm initiated coverage on shares of Aspen Aerogels in a research report on Wednesday, March 6th. They set a “buy” rating and a $22.00 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of Aspen Aerogels in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.00.

Aspen Aerogels Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.91 and a current ratio of 3.41. The firm has a market cap of $1.25 billion, a PE ratio of -24.50 and a beta of 2.04. The stock’s fifty day moving average price is $16.52 and its 200-day moving average price is $13.15.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. The business had revenue of $84.22 million for the quarter, compared to analyst estimates of $83.82 million. Aspen Aerogels had a negative return on equity of 10.47% and a negative net margin of 19.19%. During the same quarter in the previous year, the company earned ($0.20) EPS. As a group, equities analysts forecast that Aspen Aerogels, Inc. will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Aspen Aerogels

Several institutional investors and hedge funds have recently modified their holdings of ASPN. Banque Cantonale Vaudoise boosted its position in shares of Aspen Aerogels by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after buying an additional 1,252 shares during the period. Thompson Davis & CO. Inc. lifted its position in shares of Aspen Aerogels by 14.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 24,150 shares of the construction company’s stock worth $381,000 after purchasing an additional 3,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aspen Aerogels by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock worth $205,000 after purchasing an additional 3,607 shares in the last quarter. Bouvel Investment Partners LLC increased its holdings in Aspen Aerogels by 4.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 94,318 shares of the construction company’s stock valued at $1,488,000 after buying an additional 3,929 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Aspen Aerogels by 7.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,257 shares of the construction company’s stock worth $725,000 after buying an additional 5,611 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.