Hydrogenics Corporation (HYGS) Given Daily Coverage Optimism Rating of 0.13
News coverage about Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hydrogenics Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 45.3304176584719 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded down 1.36% during midday trading on Friday, hitting $7.25. The stock had a trading volume of 54,540 shares. The firm has a 50-day moving average of $8.24 and a 200 day moving average of $7.62. The firm’s market cap is $110.43 million. Hydrogenics Corporation has a 12-month low of $3.90 and a 12-month high of $11.25.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.30. The company had revenue of $7.49 million during the quarter, compared to the consensus estimate of $9.90 million. Hydrogenics Corporation had a negative net margin of 39.04% and a negative return on equity of 88.76%. On average, analysts expect that Hydrogenics Corporation will post ($0.77) earnings per share for the current year.
A number of equities research analysts have recently weighed in on HYGS shares. Zacks Investment Research upgraded Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Tuesday, May 16th. Roth Capital set a $11.00 price target on Hydrogenics Corporation and gave the company a “buy” rating in a report on Monday, July 31st. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Hydrogenics Corporation in a report on Tuesday, August 8th. Cowen and Company set a $9.00 price target on Hydrogenics Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Finally, ValuEngine upgraded Hydrogenics Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hydrogenics Corporation has an average rating of “Buy” and a consensus price target of $10.00.
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Hydrogenics Corporation Company Profile
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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