ValuEngine downgraded shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) from a strong-buy rating to a buy rating in a report issued on Tuesday, December 18th.
Other equities research analysts also recently issued reports about the stock. HC Wainwright reiterated a buy rating and set a $10.00 price target on shares of Hydrogenics in a research report on Wednesday, September 26th. Roth Capital reiterated a buy rating on shares of Hydrogenics in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Hydrogenics from a strong sell rating to a hold rating in a research report on Wednesday, October 3rd.
HYGS traded down $0.18 during trading on Tuesday, reaching $6.00. The company’s stock had a trading volume of 36,781 shares, compared to its average volume of 59,273. Hydrogenics has a 52-week low of $3.80 and a 52-week high of $11.39. The firm has a market capitalization of $94.85 million, a PE ratio of -7.50 and a beta of 0.23.
Several institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. raised its position in shares of Hydrogenics by 7.7% during the 3rd quarter. Heartland Advisors Inc. now owns 1,018,042 shares of the energy company’s stock worth $7,381,000 after purchasing an additional 73,042 shares during the last quarter. Emancipation Management LLC acquired a new position in shares of Hydrogenics during the 3rd quarter worth approximately $188,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Hydrogenics during the 3rd quarter worth approximately $133,000. Hedge funds and other institutional investors own 16.13% of the company’s stock.
Hydrogenics Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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