Brokerage firm JP Morgan Maintains its rating on Aspen Aerogels Inc(NYSE:ASPN). In a research note issued to the investors, the brokerage major Lowers the price-target to $7.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.
In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Aspen Aerogels Inc. In the research note, the firm Lowers the price-target to $6.50 per share. The shares have been rated ‘Buy’ by the firm.
Aspen Aerogels Inc (ASPN) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.81% at a volume of 44,049. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.988. The peak price level was also seen at $4.988 while the days lowest was $4.81. Finally the shares closed at $4.87. The 52-week high of the shares is $9.03 while the 52-week low is $3.377. According to the latest information available, the market cap of the company is $114 M.
Aspen Aerogels Inc(ASPN) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $27.72M. Analysts had an estimated revenue of $30.99M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.04.
Several Insider Transactions has been reported to the SEC. On Nov 16, 2015, Donald R Young (CEO) purchased 2,500 shares at $5.78 per share price.
Aspen Aerogels Inc. is an energy technology company that designs develops and manufactures aerogel insulation used in large-scale energy infrastructure facilities. The Company conducts research and development related to aerogel technology supported by funding from several agencies of the United States government and other institutions in the form of research and development contracts. The Company’s end use customers select its products where thermal performance is critical and to save money reduce energy use preserve operating assets and protect workers. The Company’s two principal products are Pyrogel and Cryogel used by many of the oil producers and the owners and operators of refineries petrochemical plants LNG (liquefied natural gas) facilities power generating assets and other energy infrastructure. It also derives product revenue from the building and construction and other end markets. It generates product revenue through the sale of its line of aerogel blankets.