Zacks: Brokerages Set $1.50 Target Price for UQM Technologies Inc (NYSE:UQM)
UQM Technologies Inc (NYSE:UQM) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $1.50 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned UQM Technologies an industry rank of 189 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of UQM Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.
UQM Technologies (NYSE:UQM) opened at 0.64 on Wednesday. The firm’s 50 day moving average price is $0.60 and its 200 day moving average price is $0.65. UQM Technologies has a one year low of $0.43 and a one year high of $1.65. The stock’s market cap is $31.02 million.
An institutional investor recently raised its position in UQM Technologies stock. Vanguard Group Inc. raised its position in UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned 1.99% of UQM Technologies worth $607,000 at the end of the most recent reporting period.
UQM Technologies Company Profile
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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