Craig Hallum Equities Analysts Reduce Earnings Estimates for Hydrogenics Corp. (HYGS)
Hydrogenics Corp. (NASDAQ:HYGS) – Research analysts at Craig Hallum decreased their FY2016 earnings per share (EPS) estimates for Hydrogenics Corp. in a report issued on Monday. Craig Hallum analyst E. Stine now forecasts that the brokerage will post earnings of ($0.77) per share for the year, down from their prior estimate of ($0.63). Craig Hallum also issued estimates for Hydrogenics Corp.’s Q4 2016 earnings at ($0.18) EPS and FY2018 earnings at ($0.28) EPS.
Several other equities analysts also recently commented on the stock. Rodman & Renshaw dropped their price objective on shares of Hydrogenics Corp. from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday. Roth Capital set a $13.00 price objective on shares of Hydrogenics Corp. and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research raised shares of Hydrogenics Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th.
Hydrogenics Corp. (NASDAQ:HYGS) opened at 4.95 on Thursday. The company’s market capitalization is $62.09 million. The stock’s 50 day moving average is $5.93 and its 200-day moving average is $6.64. Hydrogenics Corp. has a 12 month low of $4.65 and a 12 month high of $12.08.
Hydrogenics Corp. (NASDAQ:HYGS) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. The company had revenue of $6.73 million for the quarter, compared to analysts’ expectations of $10.18 million. Hydrogenics Corp. had a negative net margin of 30.00% and a negative return on equity of 56.14%.
A number of institutional investors have recently made changes to their positions in the stock. TSP Capital Management Group LLC boosted its position in shares of Hydrogenics Corp. by 52.0% in the third quarter. TSP Capital Management Group LLC now owns 541,656 shares of the company’s stock valued at $3,553,000 after buying an additional 185,250 shares during the period. KBC Group NV boosted its position in shares of Hydrogenics Corp. by 8.5% in the third quarter. KBC Group NV now owns 40,734 shares of the company’s stock valued at $267,000 after buying an additional 3,205 shares during the period. DnB Asset Management AS boosted its position in shares of Hydrogenics Corp. by 42.0% in the third quarter. DnB Asset Management AS now owns 43,965 shares of the company’s stock valued at $288,000 after buying an additional 13,000 shares during the period. Wolverine Asset Management LLC boosted 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 during the period. Finally, Veritable L.P. acquired a new position in shares of Hydrogenics Corp. during the second quarter valued at about $297,000. Hedge funds and other institutional investors own 32.13% of the company’s stock.
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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