Hydrogenics Corp. (HYGS) PT Set at $13.00 by Roth Capital
Hydrogenics Corp. (NASDAQ:HYGS) received a $13.00 price objective from Roth Capital in a report released on Monday. The brokerage currently has a a “buy” rating on the stock. Roth Capital’s price target indicates a potential upside of 95.49% from the stock’s current price.
Separately, Zacks Investment Research cut Hydrogenics Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th.
Hydrogenics Corp. (NASDAQ:HYGS) traded down 0.90% on Monday, reaching $6.59. The company had a trading volume of 45,039 shares. The firm has a 50 day moving average price of $5.78 and a 200-day moving average price of $7.15. The stock’s market capitalization is $82.66 million. Hydrogenics Corp. has a 12 month low of $4.65 and a 12 month high of $12.08.
Hydrogenics Corp. (NASDAQ:HYGS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. Hydrogenics Corp. had a negative net margin of 28.32% and a negative return on equity of 64.61%. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $11.40 million. Analysts forecast that Hydrogenics Corp. will post ($0.73) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAM Holding AG raised its position in shares of Hydrogenics Corp. by 31.7% in the second quarter. GAM Holding AG now owns 299,914 shares of the company’s stock worth $2,069,000 after buying an additional 72,177 shares during the last quarter. Societe Generale bought a new position in Hydrogenics Corp. during the second quarter valued at about $414,000. Veritable L.P. bought a new position in Hydrogenics Corp. during the second quarter valued at about $297,000. Wolverine Asset Management LLC raised its position in Hydrogenics Corp. by 7.6% in the second quarter. Wolverine Asset Management LLC now owns 351,468 shares of the company’s stock valued at $2,425,000 after buying an additional 24,698 shares in the last quarter. Finally, DNB Asset Management AS raised its position in Hydrogenics Corp. by 16.7% in the second quarter. DNB Asset Management AS now owns 30,965 shares of the company’s stock valued at $214,000 after buying an additional 4,440 shares in the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.
About Hydrogenics Corp.
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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