Hydrogenics Corp. (HYGS) Stock Price Up 2.1%
Shares of Hydrogenics Corp. (NASDAQ:HYGS) rose 2.1% during mid-day trading on Monday . The company traded as high as $5.84 and last traded at $5.76, with a volume of 79,103 shares. The stock had previously closed at $5.64.
HYGS has been the subject of a number of research reports. Zacks Investment Research cut Hydrogenics Corp. from a “hold” rating to a “sell” rating in a research note 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 note on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.00.
The firm has a 50-day moving average price of $6.64 and a 200-day moving average price of $7.64. The stock’s market capitalization is $72.00 million.
Hydrogenics Corp. (NASDAQ:HYGS) last announced its quarterly 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 analysts’ expectations of $11.40 million. On average, 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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