Hydrogenics Corp. (NASDAQ:HYGS) was up 3.9% during mid-day trading on Tuesday . The company traded as high as $7.87 and last traded at $7.78, with a volume of 56,548 shares traded. The stock had previously closed at $7.49.

A number of equities research analysts recently issued reports on HYGS shares. Roth Capital reiterated a “buy” rating on shares of Hydrogenics Corp. in a research 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 objective on the stock in a research report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.00.

The firm’s market cap is $93.80 million. The stock has a 50 day moving average of $7.25 and a 200-day moving average of $7.87.

Hydrogenics Corp. (NASDAQ:HYGS) last announced its quarterly earnings results on Wednesday, May 11th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.02. The company earned $4.30 million during the quarter, compared to analysts’ expectations of $7.88 million. Equities analysts predict that Hydrogenics Corp. will post ($0.27) EPS for the current fiscal year.

A number of hedge funds recently made changes to their positions in HYGS. TSP Capital Management Group LLC boosted 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. Royce & Associates LLC boosted 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. Finally, GAM Holding AG boosted 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.

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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