Several other research analysts also recently weighed in on HYGS. HC Wainwright restated a buy rating and set a $10.00 target price on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Hydrogenics Corporation from a hold rating to a buy rating and set a $10.00 target price on the stock in a research note on Monday, July 17th. Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the stock a hold rating in a research note on Friday, August 11th. Finally, ValuEngine upgraded Hydrogenics Corporation from a sell rating to a hold rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Hydrogenics Corporation currently has a consensus rating of Hold and an average price target of $10.00.
Hydrogenics Corporation (NASDAQ HYGS) opened at 9.65 on Friday. The company’s market capitalization is $146.99 million. Hydrogenics Corporation has a one year low of $3.90 and a one year high of $11.25. The stock’s 50 day moving average price is $9.04 and its 200-day moving average price is $8.41.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.30). Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. The company had revenue of $7.49 million during the quarter, compared to analysts’ expectations of $9.90 million. Equities analysts forecast that Hydrogenics Corporation will post ($0.77) EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. TSP Capital Management Group LLC grew its stake in Hydrogenics Corporation by 7.1% during the 2nd quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock worth $10,039,000 after buying an additional 65,852 shares during the last quarter. Manatuck Hill Partners LLC purchased a new position in Hydrogenics Corporation during the 2nd quarter worth $3,030,000. Delta Lloyd Asset Management N.V. purchased a new position in Hydrogenics Corporation during the 2nd quarter worth $1,515,000. Virtu KCG Holdings LLC purchased a new position in Hydrogenics Corporation during the 2nd quarter worth $401,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Hydrogenics Corporation during the 1st quarter worth $655,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.
Hydrogenics Corporation Company Profile
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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