ThinkEquity Upgrades Advanced Energy Industries to Hold (AEIS)

By admin | 6 years ago

Advanced Energy Industries (NASDAQ: AEIS) was upgraded by equities researchers at ThinkEquity from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Shares of Advanced Energy Industries traded down 1.04% during mid-day trading on Wednesday, hitting $13.36. 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 $538.7 million and a P/E ratio of 16.30.

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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna upgraded shares of Advanced Energy Industries from a “neutral” rating to a “positive” rating in a research note to investors on Tuesday. 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.

Advanced Energy Industries, Inc. (Advanced Energy) designs, manufactures and sells industrial power conversion products, which transforms power into various usable forms.

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