Aspen Aerogels (NYSE:ASPN) Hits New 1-Year Low – Time to Sell?

Aspen Aerogels, Inc. (NYSE:ASPN) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $6.13 and last traded at $6.41, with a volume of 996306 shares traded. The stock had previously closed at $6.35.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen raised Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, March 11th. B. Riley lowered their price target on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Craig Hallum reduced their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Roth Mkm lowered their target price on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Canaccord Genuity Group cut their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.11.

Aspen Aerogels Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The business’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $14.14. The stock has a market capitalization of $447.64 million, a PE ratio of 34.08 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts forecast that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Aspen Aerogels

A number of institutional investors have recently bought and sold shares of the business. Sandia Investment Management LP acquired a new stake in shares of Aspen Aerogels in the fourth quarter worth $89,000. Penbrook Management LLC acquired a new stake in Aspen Aerogels during the 1st quarter worth about $116,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Aspen Aerogels during the 4th quarter valued at about $129,000. AlphaQuest LLC lifted its holdings in shares of Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company’s stock valued at $135,000 after buying an additional 3,998 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Aspen Aerogels during the fourth quarter worth about $164,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

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.