Shares last traded at $90.03 significantly higher than the 50 day moving average of $80.25 and impressively higher than the 200 day moving average of $74.52. The 50 day moving average was up $9.78 and the 200 day average moved up $15.51. 416K shares changed hands on Tuesday. Trading volume was up 11.47% over the stocks average daily volume.
Short traders are feeling a little more bearish on Advanced Energy Industries, Inc lately as indicated by the rise in short interest. The firm recorded a rise in short interest of 1.75% as of September 29, 2017 from the last reporting period. Short shares increased 22,740 over that timeframe. With short interest at 1,324,226 and short average daily volume at 428,665, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.03% on September 29.
Advanced Energy Industries, Inc (NASDAQ:AEIS) has been the object of insider selling activity recently. Yuval Wasserman, President & CEO disclosed the sale of 10,669 shares of AEIS stock. The shares were purchased at an average price of $90.00. Wasserman now owns $10,763,100 of the stock per the Form 4 SEC filing. Yuval Wasserman, President & CEO disclosed the sale of 23,000 shares of (AEIS). The shares were sold on October 12th for an average price of $85.00. The President & CEO now owns $10,165,150 of the stock according to the SEC filing.
Yuval Wasserman, President & CEO sold $881,857 worth of shares at an average price of $75.09 on Wed the 20th. That brings Wasserman’s holdings to $8,980,013 per an SEC filing yesterday.
These firms have modified their investment in AEIS. As of quarter end Mutual Of America Capital Management LLC had acquired 23,000 shares growing its holdings by 2,300.0%. The value of the total investment in Advanced Energy Industries, Inc increased from $65,000 to $1,938,000 increasing 2,881.5% quarter to quarter. Central Trust Co downsized its holdings by shedding 72 shares a decrease of 67.3%. Central Trust Co currently owns 35 shares with a value of $3,000. The value of the position overall is down by 57.1%.
As of the end of the quarter Bowling Portfolio Management LLC had sold a total of 486 shares trimming its position 2.8%. The value of the investment in Advanced Energy Industries, Inc went from $1,106,000 to $1,341,000 a change of $235,000 quarter over quarter. As of quarter end Robeco Institutional Asset Management B.v. had disposed of 223,455 shares trimming its stake by 14.7%. The value of the company’s investment in Advanced Energy Industries, Inc went from $98,062,000 to $104,375,000 a change of 6.4% since the last quarter.
Stifel Nicolaus initiated coverage on AEIS with an initial rating of “Hold”.
Advanced Energy Industries, Inc currently has a P/E ratio of 22.87 and the market cap is 3.60B. In the last earnings report the EPS was $3.94 and is projected to be $4.60 for the current year with 39,942,000 shares outstanding. Next quarter’s EPS is estimated at $1.17 and the next full year EPS is projected to be $4.66.
Advanced Energy Industries, Inc., launched on September 1, 1995, is a provider of engineered, precision power conversion, measurement and control solutions. The Company is involved in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement. It also provides repair and maintenance services for all of its products. The Company serves original equipment manufacturers (OEMs) and end customers in the semiconductor, flat panel display, high voltage, solar panel and other industrial capital equipment markets. Its products are used in various markets, applications and processes, including the manufacture of capital equipment for semiconductor devices, thin film applications for thin film renewables and architectural glass, and for other thin film applications, including flat panel displays, and industrial coatings..