Hydrogenics Corporation (HYGS) Lowered to Sell at ValuEngine
ValuEngine cut shares of Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) from a hold rating to a sell rating in a research report released on Friday.
Several other research firms have also issued reports on HYGS. Cowen and Company set a $9.00 target price on shares of Hydrogenics Corporation and gave the stock a hold rating in a research note on Tuesday, July 11th. Roth Capital set a $11.00 target price on shares of Hydrogenics Corporation and gave the stock a buy rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Hydrogenics Corporation from a hold rating to a buy rating and set a $10.00 target price on the stock in a research note on Monday, July 17th. Finally, HC Wainwright reissued a buy rating and set a $10.00 target price on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $10.00.
Shares of Hydrogenics Corporation (HYGS) traded down 1.75% during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 55,746 shares. Hydrogenics Corporation has a one year low of $3.90 and a one year high of $11.25. The stock’s market capitalization is $127.95 million. The firm has a 50 day moving average of $7.97 and a 200-day moving average of $7.92.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $9.90 million. Analysts forecast that Hydrogenics Corporation will post ($0.77) EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of HYGS. Parametric Portfolio Associates LLC purchased a new position in Hydrogenics Corporation in the 1st quarter valued at about $655,000. KBC Group NV lifted its stake in Hydrogenics Corporation by 7.3% in the 1st quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock valued at $293,000 after buying an additional 2,969 shares in the last quarter. PEAK6 Investments L.P. purchased a new position in Hydrogenics Corporation in the 1st quarter valued at about $111,000. Stratos Wealth Partners LTD. lifted its stake in Hydrogenics Corporation by 9.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in Hydrogenics Corporation in the 2nd quarter valued at about $1,468,000. 19.16% of the stock is currently owned by hedge funds and other 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.
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