Roth Capital set a $8.00 price objective on Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) in a report released on Saturday morning. The firm currently has a hold rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hanwha Q CELLS from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research report on Wednesday, November 15th. Axiom Securities restated a sell rating on shares of Hanwha Q CELLS in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $8.75.

Shares of Hanwha Q CELLS (NASDAQ:HQCL) opened at $7.79 on Friday. Hanwha Q CELLS has a 1 year low of $6.09 and a 1 year high of $9.84. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.71. The company has a market cap of $647.65, a PE ratio of 43.25 and a beta of 2.00.

Hanwha Q CELLS (NASDAQ:HQCL) last released its quarterly earnings data on Friday, November 10th. The semiconductor company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Hanwha Q CELLS had a net margin of 0.75% and a return on equity of 3.43%. The business had revenue of $543.00 million for the quarter, compared to analyst estimates of $564.60 million. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue for the quarter was down 23.3% compared to the same quarter last year. analysts anticipate that Hanwha Q CELLS will post 0.55 earnings per share for the current fiscal year.

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Hanwha Q CELLS Company Profile

Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.

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