Separately, Zacks Investment Research cut shares of Hydrogenics Corp. from a hold rating to a sell rating in a research report on Tuesday, August 9th.
Hydrogenics Corp. (NASDAQ:HYGS) opened at 6.10 on Monday. The company’s market capitalization is $76.52 million. The stock’s 50 day moving average is $5.84 and its 200-day moving average is $7.14. Hydrogenics Corp. has a 12 month low of $4.65 and a 12 month high of $12.08.
Hydrogenics Corp. (NASDAQ:HYGS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The company had revenue of $9.20 million for the quarter, compared to analyst estimates of $11.40 million. Hydrogenics Corp. had a negative return on equity of 64.61% and a negative net margin of 28.32%. On average, analysts expect that Hydrogenics Corp. will post ($0.73) EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of HYGS. GAM Holding AG raised its position in shares of Hydrogenics Corp. by 31.7% in the second quarter. GAM Holding AG now owns 299,914 shares of the company’s stock valued at $2,069,000 after buying an additional 72,177 shares in the last quarter. Societe Generale bought a new position in shares of Hydrogenics Corp. during the second quarter valued at about $414,000. Veritable L.P. bought a new position in shares of Hydrogenics Corp. during the second quarter valued at about $297,000. Wolverine Asset Management LLC raised its position in shares of Hydrogenics Corp. by 7.6% in the second quarter. Wolverine Asset Management LLC now owns 351,468 shares of the company’s stock valued at $2,425,000 after buying an additional 24,698 shares in the last quarter. Finally, DNB Asset Management AS raised its position in shares of Hydrogenics Corp. by 16.7% in the second quarter. DNB Asset Management AS now owns 30,965 shares of the company’s stock valued at $214,000 after buying an additional 4,440 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.
About Hydrogenics Corp.
Hydrogenics Corporation designs, develops 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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