Shares of Hydrogenics Corp. (NASDAQ:HYGS) rose 2.1% on Monday . The company traded as high as $5.84 and last traded at $5.76, with a volume of 79,103 shares trading hands. The stock had previously closed at $5.64.

HYGS has been the subject of a number of analyst reports. Zacks Investment Research raised Hydrogenics Corp. from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Tuesday, May 24th. Roth Capital reissued a “buy” rating and set a $13.00 price objective on shares of Hydrogenics Corp. in a research note 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

The firm’s market capitalization is $71.50 million. The company has a 50 day moving average price of $6.55 and a 200 day moving average price of $7.60.

Hydrogenics Corp. (NASDAQ:HYGS) last posted its quarterly 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 company 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) EPS for the current fiscal year.

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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