UQM Technologies Inc (NYSE:UQM) Issues Quarterly Earnings Results

UQM Technologies Inc (NYSE:UQM) announced its earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01, RTT News reports. The company had revenue of $1.79 million for the quarter. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. During the same quarter in the previous year, the business posted ($0.01) EPS.

UQM Technologies (NYSE UQM) opened at 0.808 on Friday. The stock’s market cap is $39.30 million. UQM Technologies has a 52 week low of $0.42 and a 52 week high of $0.99. The firm’s 50 day moving average price is $0.85 and its 200-day moving average price is $0.66.

A number of equities research analysts have commented on UQM shares. HC Wainwright set a $2.00 target price on UQM Technologies and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded UQM Technologies from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a report on Friday, July 21st.

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An institutional investor recently raised its position in UQM Technologies stock. Raymond James Financial Services Advisors Inc. boosted its stake in UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.56% of UQM Technologies worth $233,000 at the end of the most recent quarter.

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.

Earnings History for UQM Technologies (NYSE:UQM)

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