Hydrogenics (HYGS) Reaches New 1-Year Low at $4.75
Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) shares hit a new 52-week low during trading on Thursday . The company traded as low as $4.75 and last traded at $4.75, with a volume of 326 shares changing hands. The stock had previously closed at $5.12.
HYGS has been the subject of a number of analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Hydrogenics in a report on Wednesday, October 31st. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Hydrogenics in a report on Wednesday, September 26th. ValuEngine raised shares of Hydrogenics from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Finally, Zacks Investment Research raised shares of Hydrogenics from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 3rd.
The stock has a market capitalization of $79.04 million, a price-to-earnings ratio of -5.95 and a beta of 0.35.
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in Hydrogenics in the 3rd quarter worth about $133,000. Emancipation Management LLC purchased a new stake in Hydrogenics in the 3rd quarter worth about $188,000. Finally, Heartland Advisors Inc. raised its position in Hydrogenics by 7.7% in the 3rd quarter. Heartland Advisors Inc. now owns 1,018,042 shares of the energy company’s stock worth $7,381,000 after purchasing an additional 73,042 shares during the period. 16.13% of the stock is currently owned by institutional investors.
About Hydrogenics (NASDAQ:HYGS)
Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.
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