Media coverage about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) has trended positive this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hydrogenics earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also assigned media stories about the energy company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages recently issued reports on HYGS. Zacks Investment Research raised shares of Hydrogenics from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Tuesday. Roth Capital reissued a “buy” rating and set a $11.00 price target on shares of Hydrogenics in a research report on Wednesday, March 1st.
Shares of Hydrogenics (NASDAQ:HYGS) traded down 3.38% on Friday, reaching $7.15. 31,958 shares of the company were exchanged. Hydrogenics has a 52 week low of $3.90 and a 52 week high of $8.40. The company’s 50-day moving average is $7.05 and its 200-day moving average is $5.82. The company’s market capitalization is $89.69 million.
Hydrogenics (NASDAQ:HYGS) last released its quarterly earnings data on Wednesday, March 8th. The energy company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.03. Hydrogenics had a negative return on equity of 56.14% and a negative net margin of 30.00%. The business had revenue of $8.73 million during the quarter, compared to analysts’ expectations of $10.20 million. On average, equities analysts expect that Hydrogenics will post ($0.46) EPS for the current fiscal year.
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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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