UQM Technologies (UQM) Posts Quarterly Results
UQM Technologies (NYSE:UQM) released its earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Stock Ratings Network.com reports. During the same quarter in the previous year, the company posted ($0.07) earnings per share.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of UQM Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 5th. Analysts at HC Wainwright initiated coverage on shares of UQM Technologies in a research note on Thursday, June 5th. They set a “buy” rating and a $3.50 price target on the stock.
Shares of UQM Technologies (NYSE:UQM) traded down 8.38% during mid-day trading on Thursday, hitting $1.64. The stock had a trading volume of 818,174 shares. UQM Technologies has a 1-year low of $1.07 and a 1-year high of $3.45. The stock’s 50-day moving average is $2.0 and its 200-day moving average is $2.13. The company’s market cap is $66.3 million. UQM Technologies also was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 3,577,277 shares, a decline of 3.5% from the June 30th total of 3,706,832 shares. Based on an average trading volume of 151,793 shares, the days-to-cover ratio is currently 23.6 days. Approximately 10.3% of the company’s stock are short sold.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.