UQM Technologies Inc (UQM) Trading 10.7% Higher
UQM Technologies Inc (NYSE:UQM)’s share price traded up 10.7% during trading on Monday . The stock traded as high as $1.05 and last traded at $0.93, with a volume of 736,743 shares trading hands. The stock had previously closed at $0.84.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of UQM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. HC Wainwright set a $2.00 price objective on shares of UQM Technologies and gave the company a “buy” rating in a report on Tuesday.
The company’s 50-day moving average is $0.84 and its 200-day moving average is $0.67. The company’s market cap is $46.45 million.
UQM Technologies (NYSE:UQM) last announced its quarterly earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $1.79 million for the quarter. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Analysts predict that UQM Technologies Inc will post ($0.02) EPS for the current year.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. raised its position in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.56% of UQM Technologies worth $233,000 as of its most recent SEC filing.
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About UQM Technologies
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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