Insider Selling: Commscope, Inc. Of North Carol Unloads 21,900 Shares of Hydrogenics Corporat Stock (HYGS)
Hydrogenics Corporat (NASDAQ:HYGS) major shareholder Commscope, Inc. Of North Carol sold 21,900 shares of Hydrogenics Corporat stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $24.15, for a total transaction of $528,885.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
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.
Shares of Hydrogenics Corporat (NASDAQ:HYGS) traded down 1.43% during mid-day trading on Friday, hitting $22.77. The stock had a trading volume of 14,127 shares. Hydrogenics Corporat has a one year low of $11.00 and a one year high of $35.52. The stock has a 50-day moving average of $20.82 and a 200-day moving average of $21.48. The company’s market cap is $229.7 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. On average, analysts predict that Hydrogenics Corporat will post $-0.36 earnings per share for the current fiscal year.
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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