Axiom Securities reiterated their sell rating on shares of Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) in a research report released on Friday.

Several other brokerages have also recently issued reports on HQCL. Zacks Investment Research raised shares of Hanwha Q CELLS Co. from a sell rating to a hold rating in a research note on Tuesday, May 23rd. BidaskClub raised shares of Hanwha Q CELLS Co. from a hold rating to a buy rating in a research note on Monday, July 24th. Finally, ValuEngine cut shares of Hanwha Q CELLS Co. from a buy rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $7.75.

Hanwha Q CELLS Co. (NASDAQ HQCL) opened at 7.55 on Friday. The company has a market cap of $627.97 million, a price-to-earnings ratio of 15.10 and a beta of 2.03. The firm’s 50-day moving average is $7.80 and its 200 day moving average is $7.36. Hanwha Q CELLS Co. has a 52-week low of $6.09 and a 52-week high of $12.22.

Hanwha Q CELLS Co. (NASDAQ:HQCL) last announced its earnings results on Thursday, August 10th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.15. Hanwha Q CELLS Co. had a net margin of 2.30% and a return on equity of 11.55%. The company had revenue of $577.70 million for the quarter, compared to analysts’ expectations of $571.90 million. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. On average, equities research analysts predict that Hanwha Q CELLS Co. will post $0.57 EPS for the current fiscal year.

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About Hanwha Q CELLS Co.

Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.

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