UQM Technologies Inc (NYSE:UQM) Posts Quarterly Earnings Results
UQM Technologies Inc (NYSE:UQM) issued its earnings results on Monday. The industrial goods maker reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.01, RTT News reports. The business had revenue of $1.79 million for the quarter. UQM Technologies had a negative net margin of 158.22% and a negative return on equity of 78.26%. During the same period last year, the firm earned ($0.01) EPS.
Shares of UQM Technologies (NYSE UQM) traded down 2.7833% during mid-day trading on Tuesday, hitting $0.8313. 75,463 shares of the company’s stock traded hands. The company’s market cap is $40.39 million. The firm has a 50-day moving average of $0.87 and a 200 day moving average of $0.63. UQM Technologies has a 52 week low of $0.42 and a 52 week high of $0.99.
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Several analysts have commented on UQM shares. HC Wainwright set a $2.00 target price on shares of UQM Technologies and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of UQM Technologies from a “buy” rating to a “hold” rating in a research report on Friday, July 14th.
UQM Technologies Company Profile
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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