Hanwha Q Cells (HQCL) Upgraded at BidaskClub

Hanwha Q Cells (NASDAQ:HQCL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, ValuEngine upgraded shares of Hanwha Q Cells from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.00.

Shares of NASDAQ:HQCL opened at $9.66 on Thursday. The stock has a market capitalization of $683.01 million, a P/E ratio of -87.82 and a beta of 0.78. Hanwha Q Cells has a fifty-two week low of $5.40 and a fifty-two week high of $9.70. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.61 and a current ratio of 0.93.

Hanwha Q Cells (NASDAQ:HQCL) last issued its quarterly earnings data on Monday, August 13th. The semiconductor company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.61). The firm had revenue of $518.40 million during the quarter, compared to the consensus estimate of $500.30 million. Hanwha Q Cells had a negative net margin of 2.62% and a negative return on equity of 11.39%. On average, research analysts expect that Hanwha Q Cells will post 0.56 earnings per share for the current fiscal year.

About Hanwha Q Cells

Hanwha Q CELLS Co, Ltd., a solar energy company, develops, manufactures, and sells solar cells and photovoltaic (PV) modules in South Korea, the United States, Europe, Japan, Australia, the People's Republic of China, India, Turkey, and internationally. Its principal products include PV cells, PV modules, silicon ingots, and silicon wafers.

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