Roth Capital Analysts Give Hydrogenics Corp. (HYGS) a $13.00 Price Target
Hydrogenics Corp. (NASDAQ:HYGS) received a $13.00 price target from research analysts at Roth Capital in a research report issued to clients and investors on Monday. The firm presently has a a “buy” rating on the stock. Roth Capital’s target price would indicate a potential upside of 95.49% from the company’s current price.
Separately, Zacks Investment Research downgraded Hydrogenics Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
Shares of Hydrogenics Corp. (NASDAQ:HYGS) traded down 1.50% during trading on Monday, reaching $6.55. The company had a trading volume of 54,252 shares. The stock has a 50 day moving average of $5.78 and a 200 day moving average of $7.15. The stock’s market capitalization is $82.16 million. Hydrogenics Corp. has a 52-week low of $4.65 and a 52-week high of $12.08.
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Hydrogenics Corp. (NASDAQ:HYGS) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.09. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $11.40 million. Hydrogenics Corp. had a negative net margin of 28.32% and a negative return on equity of 64.61%. Equities research analysts forecast that Hydrogenics Corp. will post ($0.73) EPS for the current year.
Several institutional investors have recently modified their holdings of HYGS. Wolverine Asset Management LLC boosted its position in shares of Hydrogenics Corp. by 7.6% in the second quarter. Wolverine Asset Management LLC now owns 351,468 shares of the company’s stock valued at $2,425,000 after buying an additional 24,698 shares during the last quarter. Veritable L.P. bought a new position in shares of Hydrogenics Corp. during the second quarter valued at approximately $297,000. GAM Holding AG boosted 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 valued at $2,069,000 after buying an additional 72,177 shares during the last quarter. Societe Generale bought a new position in shares of Hydrogenics Corp. during the second quarter valued at approximately $414,000. Finally, DNB Asset Management AS boosted its position in shares of Hydrogenics Corp. by 16.7% in the second quarter. DNB Asset Management AS now owns 30,965 shares of the company’s stock valued at $214,000 after buying an additional 4,440 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.
About Hydrogenics Corp.
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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