Separately, analysts at Citigroup (NYSE: C) upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, February 21st.
Shares of Advanced Energy Industries opened at 13.38 on Tuesday. Advanced Energy Industries has a one year low of $7.56 and a one year high of $15.50. The company has a market cap of $539.5 million and a P/E ratio of 16.16.
The company last announced its quarterly results on Monday, April 30th. It reported $0.06 earnings per share (EPS) for the previous quarter. The company’s quarterly revenue was down 23.2% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post $0.23 earnings per share next quarter.
Advanced Energy Industries, Inc. (Advanced Energy) designs, manufactures and sells industrial power conversion products, which transforms power into various usable forms.