Hydrogenics Corp. (HYGS) Hits New 12-Month Low at $5.40
Hydrogenics Corp. (NASDAQ:HYGS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.40 and last traded at $5.40, with a volume of 37,664 shares changing hands. The stock had previously closed at $5.66.
A number of equities analysts recently issued reports on HYGS shares. Zacks Investment Research lowered shares of Hydrogenics Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Roth Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Hydrogenics Corp. in a research report on Thursday, May 12th.
The firm’s 50-day moving average is $6.50 and its 200-day moving average is $7.59. The firm’s market capitalization is $67.99 million.
Hydrogenics Corp. (NASDAQ:HYGS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share (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 analyst estimates of $11.40 million. Equities research analysts expect that Hydrogenics Corp. will post ($0.73) earnings per share for the current 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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