Hydrogenics Corporat Stock Price Down 6.1% After Insider Selling (HYGS)
Hydrogenics Corporat (NASDAQ:HYGS) was down 6.1% during mid-day trading on Tuesday following insider selling activity, Analyst Ratings News reports. The stock traded as low as $22.31 and last traded at $22.47, with a volume of 98,545 shares trading hands. The stock had previously closed at $23.92.
Specifically, major shareholder Commscope, Inc. Of North Carol sold 21,000 shares of Hydrogenics Corporat stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $23.46, for a total transaction of $492,660.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares 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.
The stock’s 50-day moving average is $21.02 and its 200-day moving average is $21.48. The company’s market cap is $225.2 million.
Hydrogenics Corporat (NASDAQ:HYGS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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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