Hanwha Q CELLS Co., Ltd. (HQCL) Given “Sell” Rating at Axiom Securities
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL)‘s stock had its “sell” rating reiterated by equities researchers at Axiom Securities in a research report issued to clients and investors on Friday.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Hanwha Q CELLS Co. from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine downgraded shares of Hanwha Q CELLS Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Hanwha Q CELLS Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.75.
Shares of Hanwha Q CELLS Co. (HQCL) traded up 1.51% during midday trading on Friday, reaching $7.41. 67,555 shares of the company’s stock traded hands. The stock has a market cap of $616.33 million, a P/E ratio of 14.82 and a beta of 2.03. Hanwha Q CELLS Co. has a 52-week low of $6.09 and a 52-week high of $12.22. The stock has a 50-day moving average price of $7.85 and a 200-day moving average price of $7.39.
Hanwha Q CELLS Co. (NASDAQ:HQCL) last posted its earnings results on Thursday, August 10th. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.07 by $0.15. The business had revenue of $577.70 million for the quarter, compared to the consensus estimate of $571.90 million. Hanwha Q CELLS Co. had a net margin of 2.30% and a return on equity of 11.55%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Analysts forecast that Hanwha Q CELLS Co. will post $0.57 earnings per share for the current year.
About Hanwha Q CELLS Co.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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