Somewhat Favorable News Coverage Somewhat Unlikely to Affect Hanwha Q CELLS (HQCL) Stock Price
Media stories about Hanwha Q CELLS (NASDAQ:HQCL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanwha Q CELLS earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.2649131534079 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages recently commented on HQCL. Zacks Investment Research upgraded Hanwha Q CELLS from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Wednesday, November 15th. Roth Capital set a $8.00 price target on Hanwha Q CELLS and gave the stock a “hold” rating in a report on Saturday, November 25th. BidaskClub lowered Hanwha Q CELLS from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Axiom Securities reiterated a “sell” rating on shares of Hanwha Q CELLS in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Hanwha Q CELLS currently has an average rating of “Hold” and an average target price of $8.75.
Hanwha Q CELLS (NASDAQ HQCL) traded up $0.05 during trading hours on Friday, reaching $7.42. The company’s stock had a trading volume of 10,300 shares, compared to its average volume of 35,844. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.71. Hanwha Q CELLS has a twelve month low of $6.09 and a twelve month high of $9.79. The stock has a market capitalization of $613.13, a P/E ratio of 40.94 and a beta of 1.93.
Hanwha Q CELLS (NASDAQ:HQCL) last released its earnings results on Friday, November 10th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Hanwha Q CELLS had a return on equity of 3.43% and a net margin of 0.75%. The business had revenue of $543.00 million during the quarter, compared to the consensus estimate of $564.60 million. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was down 23.3% on a year-over-year basis. analysts forecast that Hanwha Q CELLS will post 0.55 EPS for the current year.
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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