UQM Technologies Inc (UQM) Issues Quarterly Earnings Results
UQM Technologies Inc (NYSE:UQM) posted its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03.
Shares of UQM Technologies (NYSE:UQM) opened at 0.5552 on Monday. The stock’s 50 day moving average price is $0.57 and its 200-day moving average price is $0.64. UQM Technologies has a 52 week low of $0.43 and a 52 week high of $0.90. The stock’s market cap is $26.91 million.
Separately, Zacks Investment Research upgraded UQM Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th.
A hedge fund recently raised its stake in UQM Technologies stock. Wells Fargo & Company MN raised its position in UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,500 shares of the company’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of UQM Technologies worth $114,000 at the end of the most recent quarter.
About UQM Technologies
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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