Aspen Aerogels (NYSE:ASPN) Upgraded at ValuEngine

ValuEngine upgraded shares of Aspen Aerogels (NYSE:ASPN) from a hold rating to a buy rating in a research report released on Thursday, ValuEngine reports.

ASPN opened at $6.25 on Thursday. The firm has a market cap of $128.24 million, a price-to-earnings ratio of -5.17 and a beta of 1.86. Aspen Aerogels has a 52 week low of $1.60 and a 52 week high of $6.25. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.08.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.25) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.25). The firm had revenue of $27.91 million during the quarter. Aspen Aerogels had a negative return on equity of 36.17% and a negative net margin of 30.77%. On average, equities research analysts forecast that Aspen Aerogels will post -0.57 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. purchased a new position in shares of Aspen Aerogels during the 1st quarter valued at about $37,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Aspen Aerogels by 220.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 35,137 shares of the construction company’s stock valued at $90,000 after buying an additional 24,184 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Aspen Aerogels by 33.3% during the 1st quarter. Neuberger Berman Group LLC now owns 40,000 shares of the construction company’s stock valued at $102,000 after buying an additional 10,000 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Aspen Aerogels by 30.5% during the 4th quarter. Deutsche Bank AG now owns 66,400 shares of the construction company’s stock valued at $141,000 after buying an additional 15,500 shares during the last quarter. Finally, RBF Capital LLC raised its stake in shares of Aspen Aerogels by 410.0% during the 4th quarter. RBF Capital LLC now owns 209,656 shares of the construction company’s stock valued at $447,000 after buying an additional 168,545 shares during the last quarter. Institutional investors and hedge funds own 67.85% of the company’s stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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