Shares of Hanwha SolarOne Co. (NASDAQ:HQCL) dropped 4.7% during mid-day trading on Tuesday . The company traded as low as $12.66 and last traded at $12.75, with a volume of 58,295 shares changing hands. The stock had previously closed at $13.38.

HQCL has been the subject of a number of research analyst reports. TheStreet upgraded Hanwha SolarOne from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Zacks Investment Research upgraded Hanwha SolarOne from a “sell” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Tuesday, May 24th. Finally, Roth Capital lowered Hanwha SolarOne from a “buy” rating to a “neutral” rating in a report on Friday.

The stock has a 50 day moving average of $14.08 and a 200 day moving average of $14.34. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of 11.80.

Hanwha SolarOne (NASDAQ:HQCL) last announced its earnings results on Thursday, May 19th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The business had revenue of $514.90 million for the quarter, compared to analyst estimates of $542.50 million. The business’s revenue was up 54.4% on a year-over-year basis. Equities research analysts predict that Hanwha SolarOne Co. will post $1.10 EPS for the current year.

Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd. (Hanwha SolarOne), is a global solar energy company. The Company is involved in manufacturing of solar modules and development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules. It also engages in PV downstream businesses, which include developing solar power projects and providing engineering, procurement and construction services and operation and management services.

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