Aspen Aerogels (NYSE:ASPN) Releases Earnings Results, Beats Estimates By $0.02 EPS

Aspen Aerogels (NYSE:ASPN) released its quarterly earnings results on Thursday, October 31st. The construction company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02, Fidelity Earnings reports. Aspen Aerogels had a negative net margin of 21.56% and a negative return on equity of 34.45%. The business had revenue of $35.43 million for the quarter, compared to analysts’ expectations of $33.68 million.

Shares of ASPN traded up $0.10 during mid-day trading on Friday, hitting $6.62. 4,275 shares of the company traded hands, compared to its average volume of 53,281. The business has a 50-day moving average of $6.10 and a 200 day moving average of $5.84. Aspen Aerogels has a one year low of $1.60 and a one year high of $7.50. The stock has a market capitalization of $160.38 million, a price-to-earnings ratio of -5.47 and a beta of 2.06. The company has a current ratio of 1.58, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08.

Several analysts have recently commented on the stock. ValuEngine cut shares of Aspen Aerogels from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut shares of Aspen Aerogels from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Aspen Aerogels in a research note on Friday, August 2nd.

About Aspen Aerogels

Aspen Aerogels, Inc....

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