Ajo LP Purchases New Stake in Hanwha SolarOne Co. (HQCL)

Ajo LP purchased a new position in shares of Hanwha SolarOne Co. (NASDAQ:HQCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,888 shares of the company’s stock, valued at approximately $171,000.

Separately, Oxford Asset Management purchased a new position in shares of Hanwha SolarOne during the second quarter valued at about $392,000. 1.59% of the stock is owned by hedge funds and other institutional investors.

Hanwha SolarOne Co. (NASDAQ:HQCL) traded up 3.89% during mid-day trading on Friday, reaching $11.48. The company had a trading volume of 15,998 shares. The company has a market capitalization of $954.93 million, a price-to-earnings ratio of 5.23 and a beta of 2.47. Hanwha SolarOne Co. has a 12 month low of $9.72 and a 12 month high of $28.87. The firm’s 50 day moving average price is $12.15 and its 200-day moving average price is $13.37.

Hanwha SolarOne (NASDAQ:HQCL) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.44. Hanwha SolarOne had a return on equity of 42.12% and a net margin of 8.03%. The company had revenue of $638 million for the quarter, compared to analyst estimates of $646 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The business’s revenue for the quarter was up 88.8% compared to the same quarter last year. Equities research analysts anticipate that Hanwha SolarOne Co. will post $1.67 earnings per share for the current year.

HQCL has been the topic of several analyst reports. Roth Capital lowered Hanwha SolarOne from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Zacks Investment Research lowered Hanwha SolarOne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th.

Hanwha SolarOne Company Profile

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.

5 Day Chart for NASDAQ:HQCL

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