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.