UQM Technologies Stock Rating Lowered by TheStreet (UQM)
The analysts wrote, “UQM Technologies (AMEX:UQM) has been downgraded by TheStreet Ratings from hold to sell. The area that we feel has been the company’s primary weakness has been its declining revenues.”
UQM Technologies (NYSE:UQM) traded up 3.93% during mid-day trading on Thursday, hitting $1.85. 378,971 shares of the company’s stock traded hands. UQM Technologies has a one year low of $0.85 and a one year high of $3.45. The stock’s 50-day moving average is $2.16 and its 200-day moving average is $2.15. The company’s market cap is $73.6 million.
UQM Technologies (NYSE:UQM) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.70 million.
Separately, analysts at HC Wainwright initiated coverage on shares of UQM Technologies in a research note on Thursday. They set a “buy” rating and a $3.50 price target on the stock.
UQM Technologies, Inc (NYSE:UQM) is a developer and manufacturer of electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets.
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