Hydrogenics Corp. (HYGS) Stock Price Up 3.6%
Hydrogenics Corp. (NASDAQ:HYGS) rose 3.6% during mid-day trading on Friday . The company traded as high as $6.16 and last traded at $6.02, with a volume of 54,108 shares trading hands. The stock had previously closed at $5.81.
HYGS has been the topic of a number of recent research reports. Zacks Investment Research lowered Hydrogenics Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Roth Capital reaffirmed a “buy” rating and issued a $13.00 target price on shares of Hydrogenics Corp. in a research note on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Hydrogenics Corp. presently has a consensus rating of “Hold” and an average target price of $12.00.
The firm’s market cap is $75.77 million. The firm has a 50-day moving average price of $7.03 and a 200 day moving average price of $7.80.
Hydrogenics Corp. (NASDAQ:HYGS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The firm earned $9.20 million during the quarter, compared to the consensus estimate of $11.40 million. On average, equities research analysts expect that Hydrogenics Corp. will post ($0.73) earnings per share for the current year.
A hedge fund recently bought a new stake in Hydrogenics Corp. stock. Coe Capital Management LLC purchased a new position in shares of Hydrogenics Corp. (NASDAQ:HYGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 117,800 shares of the company’s stock, valued at approximately $1,033,000. Coe Capital Management LLC owned about 1.17% of Hydrogenics Corp. as of its most recent SEC filing.
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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