Insider Selling: Hydrogenics Corporat major shareholder Sells 21,900 Shares of Stock (HYGS)
Hydrogenics Corporat (NASDAQ:HYGS) major shareholder Commscope, Inc. Of North Carol sold 21,900 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $24.15, for a total value of $528,885.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Hydrogenics Corporat (NASDAQ:HYGS) traded down 3.76% during mid-day trading on Wednesday, hitting $23.01. 163,195 shares of the company’s stock traded hands. Hydrogenics Corporat has a 52 week low of $11.00 and a 52 week high of $35.52. The stock has a 50-day moving average of $20.59 and a 200-day moving average of $21.46. The company’s market cap is $232.1 million.
Hydrogenics Corporat (NASDAQ:HYGS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.26) by $0.25. The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $11.35 million. Analysts expect that Hydrogenics Corporat will post $-0.36 EPS for the current fiscal year.
Separately, analysts at Jennings Capital initiated coverage on shares of Hydrogenics Corporat in a research note on Wednesday, June 18th. They set a “buy” rating on the stock.
Hydrogenics Corporation (NASDAQ:HYGS) together with its subsidiaries, designs, develops and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane (PEM) technology.
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