News headlines about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) have been trending positive this week, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hydrogenics earned a daily sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also gave news stories about the energy company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Hydrogenics from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $11.00 price target on shares of Hydrogenics in a research note on Wednesday, March 1st.
Hydrogenics (NASDAQ:HYGS) traded down 3.38% during midday trading on Friday, reaching $7.15. 31,958 shares of the company’s stock traded hands. The stock’s market cap is $89.69 million. Hydrogenics has a 52-week low of $3.90 and a 52-week high of $8.40. The company’s 50-day moving average price is $7.05 and its 200-day moving average price is $5.82.
Hydrogenics (NASDAQ:HYGS) last posted its earnings results on Wednesday, March 8th. The energy company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. Hydrogenics had a negative return on equity of 56.14% and a negative net margin of 30.00%. The company had revenue of $8.73 million during the quarter, compared to analysts’ expectations of $10.20 million. On average, equities analysts predict that Hydrogenics will post ($0.46) EPS for the current fiscal year.
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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