Aspen Aerogels (NYSE:ASPN) Trading 5.2% Higher

Shares of Aspen Aerogels Inc (NYSE:ASPN) traded up 5.2% during trading on Wednesday . The stock traded as high as $7.76 and last traded at $7.66, 336,600 shares traded hands during trading. An increase of 520% from the average session volume of 54,332 shares. The stock had previously closed at $7.28.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Aspen Aerogels from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of Aspen Aerogels from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 4th.

The company’s fifty day moving average price is $6.63 and its 200-day moving average price is $6.20. The stock has a market cap of $165.49 million, a P/E ratio of -6.33 and a beta of 2.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.05 and a current ratio of 1.58.

Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, October 31st. The construction company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $35.43 million during the quarter, compared to analyst estimates of $33.68 million. Aspen Aerogels had a negative net margin of 21.56% and a negative return on equity of 34.45%. Analysts anticipate that Aspen Aerogels Inc will post -0.62 earnings per share for the current fiscal year.

In other news, VP Kelley Conte sold 4,886 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $7.01, for a total value of $34,250.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.40% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in ASPN. Bailard Inc. purchased a new position in Aspen Aerogels in the 3rd quarter worth about $91,000. State Street Corp increased its stake in Aspen Aerogels by 162.2% in the 3rd quarter. State Street Corp now owns 32,268 shares of the construction company’s stock worth $191,000 after buying an additional 19,963 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new position in Aspen Aerogels in the 3rd quarter worth about $227,000. Russell Investments Group Ltd. increased its stake in Aspen Aerogels by 2,335.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 48,699 shares of the construction company’s stock worth $347,000 after buying an additional 46,699 shares during the period. Finally, Boston Partners purchased a new position in Aspen Aerogels in the 2nd quarter worth about $440,000. Hedge funds and other institutional investors own 67.23% of the company’s stock.

About Aspen Aerogels (NYSE:ASPN)

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

See Also: Average Daily Trade Volume – ADTV

Receive News & Ratings for Aspen Aerogels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Aerogels and related companies with MarketBeat.com's FREE daily email newsletter.