OSLO: Hydrogenics fell 4.7% during trading after the company announced weaker than expected quarterly earnings, AnalystRatings.NET reports. The company traded as low as $9.43 and last traded at $9.90, with a volume of 104,391 shares. The stock had previously closed at $10.39.
The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.01. The company earned $9.60 million during the quarter, compared to analyst estimates of $11.35 million.
HYGS has been the topic of several analyst reports. HC Wainwright started coverage on Hydrogenics in a research note on Monday, August 31st. They issued a “buy” rating and a $13.00 price objective for the company. Rodman & Renshaw assumed coverage on Hydrogenics in a research note on Monday, August 31st. They issued a “buy” rating and a $13.00 price target for the company. Finally, Roth Capital reissued a “buy” rating and set a $11.00 price objective (down previously from $15.00) on shares of Hydrogenics in a report on Friday, August 14th. Six investment analysts have rated the stock with a buy rating, Hydrogenics has an average rating of “Buy” and an average target price of $15.33.
The stock’s market capitalization is $100.82 million. The firm’s 50-day moving average price is $9.43 and its 200-day moving average price is $9.65.
