Raymond James Downgrades Advanced Energy Industries to Market Perform

Brokerage firm Raymond James Downgrades its rating on Advanced Energy Industries(NASDAQ:AEIS). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 14, 2016.

In a different note, On Apr 20, 2016, Bank of America said it Downgrades its rating on Advanced Energy Industries. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Susquehanna said it Downgrades its rating on Advanced Energy Industries. The shares have been rated ‘Neutral’ by the firm. On Apr 18, 2016, Needham said it Downgrades its rating on Advanced Energy Industries. The shares have been rated ‘Hold’ by the firm.

Advanced Energy Industries (AEIS) made into the market gainers list on Mondays trading session with the shares advancing 0.87% or 0.34 points. Due to strong positive momentum, the stock ended at $39.51, which is also near the day’s high of $40.05. The stock began the session at $39.56 and the volume stood at 1,34,741 shares. The 52-week high of the shares is $40.15 and the 52 week low is $21.12. The company has a current market capitalization of $1,563 M and it has 3,95,69,801 shares in outstanding.

Advanced Energy Industries(AEIS) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $103.04M. Analysts had an estimated revenue of $95.89M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Thomas O Mcgimpsey (EVP Gen Counsel & Corp Sec) sold 6,247 shares at $34.86 per share price.Also, On Oct 16, 2015, Frederick Ball (director) sold 2,500 shares at $27.45 per share price.On Feb 19, 2015, Danny C Herron (Executive VP & CFO) sold 7,152 shares at $26.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Advanced Energy Industries Inc. is a provider of highly-engineered mission-critical precision power conversion measurement and control solutions. The Company is engaged in designing manufacturing selling and supporting its power conversion products and solutions that transform power into various usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement. It also provides repair and maintenance services for all of its products. The Company is organized into two segments: Precision Power Products (Precision Power) and Inverters. The Precision Power segment serves OEMs and end customers in the semiconductor flat panel display solar panel and other industrial capital equipment markets. The Inverters segment focuses on commercial and utility-scale solar projects and installations selling primarily to distributors Engineering Procurement and Construction contractors (EPCs) developers and utility companies.

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