Hanwha SolarOne Co. (HQCL) Sees Unusually-High Trading Volume
Hanwha SolarOne Co. (NASDAQ:HQCL) shares saw unusually-high trading volume on Tuesday . Approximately 69,431 shares changed hands during trading, an increase of 9% from the previous session’s volume of 63,511 shares.The stock last traded at $12.20 and had previously closed at $12.10.
HQCL has been the topic of several recent research reports. Zacks Investment Research lowered shares of Hanwha SolarOne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Roth Capital lowered shares of Hanwha SolarOne from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th.
The firm has a market cap of $963.25 million and a price-to-earnings ratio of 5.27. The company has a 50 day moving average of $13.41 and a 200-day moving average of $13.93.
Hanwha SolarOne (NASDAQ:HQCL) last posted its earnings results on Tuesday, August 23rd. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.44. The company earned $638 million during the quarter, compared to the consensus estimate of $646 million. The business’s quarterly revenue was up 88.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) earnings per share. Equities research analysts anticipate that Hanwha SolarOne Co. will post $1.67 earnings per share for the current fiscal year.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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