Hyperdynamics Corp Shares Down 5.3% Following Weak Earnings (HDY)
Shares of Hyperdynamics Corp (NYSE:HDY) dropped 5.3% during mid-day trading on Monday after the company announced weaker than expected quarterly earnings, AnalystRatingsNetwork.com reports. The stock traded as low as $6.06 and last traded at $6.12, with a volume of 86,204 shares trading hands. The stock had previously closed at $6.46.
The company reported ($0.40) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.19.
The stock’s 50-day moving average is $5.27 and its 200-day moving average is $4.22. The company’s market cap is $128.6 million.
Hyperdynamics Corporation (NYSE:HDY), incorporated in March 1996, is an exploration-stage company.
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