ValuEngine Lowers Hydrogenics Corporation (HYGS) to Sell
ValuEngine cut shares of Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) from a hold rating to a sell rating in a report published on Thursday morning.
A number of other equities analysts have also weighed in on HYGS. Roth Capital reaffirmed a buy rating and set a $11.00 target price on shares of Hydrogenics Corporation in a research report on Wednesday, April 12th. Zacks Investment Research raised Hydrogenics Corporation from a hold rating to a buy rating and set a $8.00 target price on the stock in a research report on Tuesday, May 16th. Finally, Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the stock a market perform rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $10.00.
Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded up 4.41% during trading on Thursday, hitting $7.10. 95,855 shares of the stock traded hands. The company has a 50-day moving average of $9.69 and a 200-day moving average of $7.42. Hydrogenics Corporation has a 52 week low of $3.90 and a 52 week high of $11.25. The firm’s market cap is $90.60 million.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.30. Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. The firm had revenue of $7.49 million for the quarter, compared to analyst estimates of $9.90 million. On average, analysts forecast that Hydrogenics Corporation will post ($0.63) EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new position in shares of Hydrogenics Corporation during the first quarter worth $655,000. TSP Capital Management Group LLC raised its position in shares of Hydrogenics Corporation by 64.7% in the first quarter. TSP Capital Management Group LLC now owns 928,106 shares of the energy company’s stock worth $6,218,000 after buying an additional 364,440 shares during the last quarter. KBC Group NV raised its position in shares of Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after buying an additional 2,969 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Hydrogenics Corporation during the first quarter worth $111,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock worth $115,000 after buying an additional 1,000 shares during the last quarter. 21.74% of the stock is currently owned by institutional investors.
About Hydrogenics Corporation
Hydrogenics Corp is a Canada-based firm, which designs 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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