Hydrogenics Corp. (HYGS) Shares Down 4.8%
Shares of Hydrogenics Corp. (NASDAQ:HYGS) fell 4.8% during mid-day trading on Thursday . The company traded as low as $6.20 and last traded at $6.20, with a volume of 60,477 shares traded. The stock had previously closed at $6.51.
A number of research firms have recently issued reports on HYGS. Zacks Investment Research lowered shares of Hydrogenics Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Roth Capital reissued a “buy” rating and issued a $13.00 price target on shares of Hydrogenics Corp. in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.00.
The firm’s 50-day moving average is $6.99 and its 200 day moving average is $7.79. The firm’s market cap is $75.77 million.
Hydrogenics Corp. (NASDAQ:HYGS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.09. The business earned $9.20 million during the quarter, compared to analysts’ expectations of $11.40 million. On average, equities research analysts expect that Hydrogenics Corp. will post ($0.73) EPS for the current year.
An institutional investor recently bought a new position in Hydrogenics Corp. stock. Coe Capital Management LLC bought a new stake in Hydrogenics Corp. (NASDAQ:HYGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 117,800 shares of the company’s stock, valued at approximately $1,033,000. Coe Capital Management LLC owned approximately 1.17% of Hydrogenics Corp. as of its most recent filing with the SEC.
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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