Headlines about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hydrogenics earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 48.0403441331278 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
HYGS has been the topic of several analyst reports. HC Wainwright set a $10.00 target price on Hydrogenics and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Zacks Investment Research raised Hydrogenics from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Thursday, May 10th. Roth Capital set a $9.00 target price on Hydrogenics and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised Hydrogenics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.38.
Shares of Hydrogenics remained flat at $$6.20 on Friday, MarketBeat Ratings reports. The stock had a trading volume of 28,853 shares, compared to its average volume of 50,675. Hydrogenics has a 12 month low of $4.95 and a 12 month high of $11.99. The company has a market capitalization of $95.74 million, a PE ratio of -7.75 and a beta of 0.72.
Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last released its quarterly earnings results on Thursday, August 2nd. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.19). Hydrogenics had a negative return on equity of 46.22% and a negative net margin of 20.82%. The business had revenue of $7.61 million during the quarter, compared to the consensus estimate of $10.65 million. research analysts expect that Hydrogenics will post -0.49 earnings per share for the current fiscal year.
Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.
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