Hydrogenics Corp. (HYGS) Trading Up 6.8%
Hydrogenics Corp. (NASDAQ:HYGS) shares were up 6.8% during trading on Wednesday . The company traded as high as $5.96 and last traded at $5.96, with a volume of 78,188 shares trading hands. The stock had previously closed at $5.58.
Separately, Zacks Investment Research cut shares of Hydrogenics Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
The stock has a 50-day moving average of $5.71 and a 200 day moving average of $7.30. The stock’s market cap is $74.76 million.
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Hydrogenics Corp. (NASDAQ:HYGS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $11.40 million. Hydrogenics Corp. had a negative net margin of 28.32% and a negative return on equity of 64.61%. On average, equities analysts forecast that Hydrogenics Corp. will post ($0.73) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAM Holding AG increased its position in shares of Hydrogenics Corp. by 31.7% in the second quarter. GAM Holding AG now owns 299,914 shares of the company’s stock worth $2,069,000 after buying an additional 72,177 shares during the period. Societe Generale acquired a new position in Hydrogenics Corp. during the second quarter worth approximately $414,000. Veritable L.P. acquired a new position in Hydrogenics Corp. during the second quarter worth approximately $297,000. Wolverine Asset Management LLC boosted its position in Hydrogenics Corp. by 7.6% in the second quarter. Wolverine Asset Management LLC now owns 351,468 shares of the company’s stock worth $2,425,000 after buying an additional 24,698 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in Hydrogenics Corp. by 16.7% in the second quarter. DNB Asset Management AS now owns 30,965 shares of the company’s stock worth $214,000 after buying an additional 4,440 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.
Hydrogenics Corp. Company Profile
Hydrogenics Corporation designs, develops and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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