BidaskClub upgraded shares of Hanwha Q Cells (NASDAQ:HQCL) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other analysts have also recently commented on the company. Zacks Investment Research raised Hanwha Q Cells from a hold rating to a buy rating and set a $9.50 target price for the company in a research report on Wednesday, November 15th. Roth Capital set a $8.00 target price on Hanwha Q Cells and gave the stock a hold rating in a research report on Saturday, November 25th. Finally, ValuEngine raised Hanwha Q Cells from a hold rating to a buy rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $7.88.

Hanwha Q Cells (HQCL) opened at $7.19 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $612.29, a price-to-earnings ratio of 40.89 and a beta of 1.75. Hanwha Q Cells has a 1-year low of $6.09 and a 1-year high of $9.79.

Hanwha Q Cells (NASDAQ:HQCL) last issued its earnings results on Friday, November 10th. The semiconductor company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $543.00 million during the quarter, compared to analysts’ expectations of $564.60 million. Hanwha Q Cells had a return on equity of 3.43% and a net margin of 0.75%. Hanwha Q Cells’s revenue was down 23.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. analysts anticipate that Hanwha Q Cells will post 0.55 earnings per share for the current fiscal year.

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About Hanwha Q Cells

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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