Aspen Aerogels (NYSE:ASPN) Stock Price Down 8.4% – Should You Sell?

Aspen Aerogels, Inc. (NYSE:ASPN)’s share price fell 8.4% during trading on Tuesday . The company traded as low as $12.04 and last traded at $11.65. 226,527 shares traded hands during trading, a decline of 83% from the average session volume of 1,359,372 shares. The stock had previously closed at $12.72.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler reduced their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Barclays cut their price objective on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of Aspen Aerogels in a report on Wednesday, October 16th. Canaccord Genuity Group cut their price target on shares of Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Roth Mkm decreased their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.11.

Aspen Aerogels Stock Down 6.5 %

The firm has a market capitalization of $975.98 million, a price-to-earnings ratio of 1,190.69 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The stock has a fifty day moving average of $13.38 and a two-hundred day moving average of $20.10.

Institutional Trading of Aspen Aerogels

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of Aspen Aerogels in the 2nd quarter valued at $84,000. Quent Capital LLC bought a new stake in Aspen Aerogels during the third quarter valued at $118,000. Point72 DIFC Ltd acquired a new stake in Aspen Aerogels during the 2nd quarter worth about $121,000. Public Employees Retirement Association of Colorado bought a new position in shares of Aspen Aerogels in the 2nd quarter worth about $145,000. Finally, nVerses Capital LLC lifted its stake in shares of Aspen Aerogels by 45.0% in the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock valued at $161,000 after purchasing an additional 1,800 shares during the period. 97.64% of the stock is currently owned by institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.