Hydrogenics Corp. (HYGS) Trading Down 4.8%
Hydrogenics Corp. (NASDAQ:HYGS)’s share price traded down 4.8% during mid-day trading on Thursday . The company traded as low as $6.20 and last traded at $6.20, with a volume of 60,477 shares. The stock had previously closed at $6.51.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Hydrogenics Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. Roth Capital reiterated a “buy” rating and set a $13.00 price target on shares of Hydrogenics Corp. in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.00.
The stock’s market capitalization is $72.88 million. The company’s 50-day moving average price is $7.03 and its 200 day moving average price is $7.80.
Hydrogenics Corp. (NASDAQ:HYGS) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The firm earned $9.20 million during the quarter, compared to analyst estimates of $11.40 million. Equities analysts expect that Hydrogenics Corp. will post ($0.73) EPS for the current fiscal year.
An institutional investor recently bought a new position in Hydrogenics Corp. stock. Coe Capital Management LLC purchased a new stake in shares of Hydrogenics Corp. (NASDAQ:HYGS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 117,800 shares of the company’s stock, valued at approximately $1,033,000. Coe Capital Management LLC owned about 1.17% of Hydrogenics Corp. as of its most recent filing with the SEC.
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.