Shares of Hydrogenics Corp. (NASDAQ:HYGS) rose 3.9% on Tuesday . The stock traded as high as $7.87 and last traded at $7.78, with a volume of 56,548 shares changing hands. The stock had previously closed at $7.49.

HYGS has been the topic of several recent research reports. Roth Capital restated a “buy” rating on shares of Hydrogenics Corp. in a report on Thursday, March 24th. Zacks Investment Research upgraded Hydrogenics Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $12.00.

The firm’s market cap is $95.18 million. The firm has a 50 day moving average price of $7.24 and a 200-day moving average price of $7.87.

Hydrogenics Corp. (NASDAQ:HYGS) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.02. The business earned $4.30 million during the quarter, compared to analyst estimates of $7.88 million. Equities research analysts expect that Hydrogenics Corp. will post ($0.27) EPS for the current year.

A number of hedge funds have modified their holdings of HYGS. GAM Holding AG raised its stake in shares of Hydrogenics Corp. by 52.7% in the fourth quarter. GAM Holding AG now owns 204,200 shares of the company’s stock valued at $1,791,000 after buying an additional 70,500 shares during the last quarter. Royce & Associates LLC raised its stake in shares of Hydrogenics Corp. by 56.3% in the fourth quarter. Royce & Associates LLC now owns 416,295 shares of the company’s stock valued at $3,651,000 after buying an additional 150,000 shares during the last quarter. TSP Capital Management Group LLC raised its stake in shares of Hydrogenics Corp. by 1,708.7% in the fourth quarter. TSP Capital Management Group LLC now owns 361,856 shares of the company’s stock valued at $3,173,000 after buying an additional 341,850 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in shares of Hydrogenics Corp. by 269.6% in the fourth quarter. Heartland Advisors Inc. now owns 1,108,920 shares of the company’s stock valued at $9,725,000 after buying an additional 808,920 shares during the last quarter.

Hydrogenics Corporation designs, develops and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.

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