Insider Selling: Hydrogenics Corporat major shareholder Sells 21,000 Shares of Stock (HYGS)
Hydrogenics Corporat (NASDAQ:HYGS) major shareholder Commscope, Inc. Of North Carol sold 21,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $23.46, for a total value of $492,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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.
Hydrogenics Corporat (NASDAQ:HYGS) traded up 3.33% on Monday, hitting $23.92. 138,038 shares of the company’s stock traded hands. Hydrogenics Corporat has a 1-year low of $11.00 and a 1-year high of $35.52. The stock has a 50-day moving average of $21.02 and a 200-day moving average of $21.48. The company’s market cap is $241.3 million.
Hydrogenics Corporat (NASDAQ:HYGS) last released its earnings data on Wednesday, July 30th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters 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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