Hydrogenics Corp. (HYGS) Shares Up 3.6%
Hydrogenics Corp. (NASDAQ:HYGS) traded up 3.6% on Friday . The company traded as high as $6.16 and last traded at $6.02, with a volume of 54,108 shares traded. The stock had previously closed at $5.81.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Hydrogenics Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Roth Capital restated a “buy” rating and issued a $13.00 price target on shares of Hydrogenics Corp. in a report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.00.
The company’s market cap is $75.77 million. The company’s 50 day moving average price is $6.99 and its 200 day moving average price is $7.79.
Hydrogenics Corp. (NASDAQ:HYGS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The business earned $9.20 million during the quarter, compared to the consensus estimate of $11.40 million. On average, equities analysts forecast 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 bought a new stake in Hydrogenics Corp. (NASDAQ:HYGS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 117,800 shares of the company’s stock, valued at approximately $1,033,000. Coe Capital Management LLC owned 1.17% of Hydrogenics Corp. at the end of the most recent reporting period.
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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