Insider Buying: Paul Edward Grutzner Buys 10,000 Shares of Quantum Fuel Systems Tech Worldwide Stock (QTWW)
Quantum Fuel Systems Tech Worldwide (NASDAQ:QTWW) Director Paul Edward Grutzner purchased 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average price of $4.39 per share, for a total transaction of $43,900.00. Following the completion of the transaction, the director now directly owns 25,437 shares of the company’s stock, valued at approximately $111,668. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Quantum Fuel Systems Tech Worldwide (NASDAQ:QTWW) traded down 3.45% on Monday, hitting $4.20. The stock had a trading volume of 532,590 shares. Quantum Fuel Systems Tech Worldwide has a 52-week low of $1.85 and a 52-week high of $11.25. The stock’s 50-day moving average is $5.55 and its 200-day moving average is $7.41. The company’s market cap is $96.8 million.
Quantum Fuel Systems Tech Worldwide (NASDAQ:QTWW) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.27. The company had revenue of $7.95 million for the quarter, compared to the consensus estimate of $4.41 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Analysts expect that Quantum Fuel Systems Tech Worldwide will post $-0.29 EPS for the current fiscal year.
A number of analysts have recently weighed in on QTWW shares. Analysts at Dougherty & Co downgraded shares of Quantum Fuel Systems Tech Worldwide from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 14th. Separately, analysts at Sidoti initiated coverage on shares of Quantum Fuel Systems Tech Worldwide in a research note on Tuesday, March 25th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Quantum Fuel Systems Tech Worldwide has a consensus rating of “Buy” and an average target price of $6.40.
Quantum Fuel Systems Technologies Worldwide, Inc (NASDAQ:QTWW) is an integrated alternative energy company engaged in the development and production of advanced clean propulsion systems, and renewable energy generation systems and services.
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