Fuel Systems Solutions Inc. Hits New 52-Week Low at $12.15 (FSYS)
Shares of Fuel Systems Solutions (NASDAQ:FSYS) hit a new 52-week low during mid-day trading on Monday, AnalystRatings.Net reports. The stock traded as low as $12.15 and last traded at $12.42, with a volume of 172,294 shares trading hands. The stock had previously closed at $12.56.
FSYS has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Fuel Systems Solutions from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, November 12th. Separately, analysts at Canaccord Genuity cut their price target on shares of Fuel Systems Solutions from $20.00 to $14.00 in a research note to investors on Friday, November 8th. Finally, analysts at Northland Securities cut their price target on shares of Fuel Systems Solutions from $18.00 to $15.00 in a research note to investors on Friday, November 8th. They now have an “in-line” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Fuel Systems Solutions has a consensus rating of “Hold” and a consensus target price of $16.68.
Fuel Systems Solutions has a 52 week low of $12.25 and a 52 week high of $21.44. The stock’s 50-day moving average is $13.03 and its 200-day moving average is $16.81. The company’s market cap is $248.6 million.
Fuel Systems Solutions (NASDAQ:FSYS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.57 million. Analysts expect that Fuel Systems Solutions will post $0.18 EPS for the current fiscal year.
Fuel Systems Solutions, Inc (NASDAQ:FSYS) designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets.
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