Hydrogenics Corporation (HYGS) Receives Average Rating of “Hold” from Brokerages
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) has earned an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.00.
Several analysts recently issued reports on HYGS shares. Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $11.00 target price on Hydrogenics Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. HC Wainwright reissued a “buy” rating and set a $10.00 target price on shares of Hydrogenics Corporation in a research note on Tuesday. ValuEngine raised Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research raised Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Tuesday, May 16th.
Hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC purchased a new stake in Hydrogenics Corporation during the first quarter worth about $655,000. TSP Capital Management Group LLC increased its stake in Hydrogenics Corporation by 64.7% in the first quarter. TSP Capital Management Group LLC now owns 928,106 shares of the energy company’s stock worth $6,218,000 after buying an additional 364,440 shares during the last quarter. KBC Group NV increased its stake in Hydrogenics Corporation by 7.3% in the first quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after buying an additional 2,969 shares during the last quarter. PEAK6 Investments L.P. purchased a new stake in Hydrogenics Corporation during the first quarter worth about $111,000. Finally, Stratos Wealth Partners LTD. increased its stake in Hydrogenics Corporation by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock worth $115,000 after buying an additional 1,000 shares during the last quarter. 21.80% of the stock is currently owned by institutional investors and hedge funds.
Hydrogenics Corporation (NASDAQ HYGS) opened at 7.35 on Tuesday. The stock’s 50 day moving average price is $9.69 and its 200 day moving average price is $7.42. Hydrogenics Corporation has a one year low of $3.90 and a one year high of $11.25. The stock’s market cap is $93.79 million.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.30. The business had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.90 million. Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. Equities analysts predict that Hydrogenics Corporation will post ($0.68) earnings per share for the current fiscal year.
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About Hydrogenics Corporation
Hydrogenics Corp is a Canada-based firm, which designs 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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