Hydrogenics Corp. (HYGS) Hits New 12-Month Low at $5.40
Hydrogenics Corp. (NASDAQ:HYGS) shares reached a new 52-week low during trading on Thursday . The company traded as low as $5.40 and last traded at $5.40, with a volume of 37,664 shares traded. The stock had previously closed at $5.66.
A number of research firms have recently commented on HYGS. Zacks Investment Research cut shares of Hydrogenics Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Roth Capital reissued a “buy” rating and set a $13.00 target price on shares of Hydrogenics Corp. in a research report on Thursday, May 12th.
The stock’s 50-day moving average price is $6.40 and its 200 day moving average price is $7.56. The company’s market capitalization is $68.99 million.
Hydrogenics Corp. (NASDAQ:HYGS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.09. The firm earned $9.20 million during the quarter, compared to the consensus estimate of $11.40 million. Equities research analysts forecast that Hydrogenics Corp. will post ($0.73) earnings per share 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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