Hanwha SolarOne Co. (HQCL) Sees Strong Trading Volume
Hanwha SolarOne Co. (NASDAQ:HQCL) saw an uptick in trading volume on Tuesday . 69,431 shares were traded during trading, an increase of 9% from the previous session’s volume of 63,511 shares.The stock last traded at $12.20 and had previously closed at $12.10.
Several analysts have weighed in on HQCL shares. Zacks Investment Research raised Hanwha SolarOne from a “strong sell” rating to a “hold” rating in a research report on Friday. Roth Capital cut Hanwha SolarOne from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th.
The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 5.58. The firm’s 50 day moving average is $13.49 and its 200-day moving average is $13.94.
Hanwha SolarOne (NASDAQ:HQCL) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.44. The business had revenue of $638 million for the quarter, compared to analysts’ expectations of $646 million. The business’s quarterly revenue was up 88.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) earnings per share. Equities analysts anticipate that Hanwha SolarOne Co. will post $1.67 earnings per share for the current year.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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