Aspen Aerogels (NYSE:ASPN) announced its quarterly earnings results on Thursday. The construction company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06), Bloomberg Earnings reports. The firm had revenue of $29.53 million for the quarter, compared to analysts’ expectations of $30.92 million. Aspen Aerogels had a negative net margin of 30.77% and a negative return on equity of 36.17%. Aspen Aerogels updated its FY 2019 guidance to $-0.6–0.53 EPS.
NYSE ASPN traded up $0.23 on Friday, reaching $6.41. 4,266 shares of the company were exchanged, compared to its average volume of 27,346. The firm has a fifty day simple moving average of $6.54. The company has a market cap of $154.13 million, a PE ratio of -5.17 and a beta of 2.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.73 and a quick ratio of 1.28. Aspen Aerogels has a fifty-two week low of $1.60 and a fifty-two week high of $7.50.
Several equities analysts have recently commented on ASPN shares. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Aspen Aerogels in a research note on Friday. ValuEngine upgraded Aspen Aerogels from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th.
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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