Aspen Aerogels (NYSE:ASPN) Reaches New 52-Week Low – Here’s Why

Aspen Aerogels, Inc. (NYSE:ASPN)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $7.17 and last traded at $7.19, with a volume of 2130869 shares changing hands. The stock had previously closed at $7.61.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASPN. Craig Hallum reduced their price objective on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Roth Mkm reduced their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 14th. B. Riley reduced their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Canaccord Genuity Group reduced their price objective on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Barclays reduced their price target on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Aspen Aerogels has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.

Aspen Aerogels Stock Up 7.3 %

The company has a market capitalization of $642.76 million, a PE ratio of 48.97 and a beta of 2.14. The company’s 50 day moving average is $10.88 and its two-hundred day moving average is $17.18. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. On average, analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abbot Financial Management Inc. lifted its stake in shares of Aspen Aerogels by 3.9% during the 4th quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock worth $359,000 after acquiring an additional 1,146 shares during the last quarter. Franklin Resources Inc. increased its position in Aspen Aerogels by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after purchasing an additional 1,483 shares during the period. Invesco Ltd. increased its position in Aspen Aerogels by 3.5% during the 4th quarter. Invesco Ltd. now owns 50,871 shares of the construction company’s stock valued at $604,000 after purchasing an additional 1,724 shares during the period. Greenwood Capital Associates LLC increased its holdings in Aspen Aerogels by 5.0% during the fourth quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock valued at $439,000 after buying an additional 1,749 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Aspen Aerogels by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 35,782 shares of the construction company’s stock valued at $425,000 after buying an additional 2,118 shares during the period. 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.