UQM Technologies Inc (UQM) Given a $2.00 Price Target by HC Wainwright Analysts
Separately, Zacks Investment Research downgraded shares of UQM Technologies from a buy rating to a hold rating in a research note on Friday, July 14th.
Shares of UQM Technologies (UQM) opened at 0.955 on Tuesday. The firm has a 50-day moving average of $0.84 and a 200-day moving average of $0.67. UQM Technologies has a one year low of $0.42 and a one year high of $0.99. The company’s market capitalization is $46.45 million.
UQM Technologies (NYSE:UQM) last released its quarterly earnings data on Monday, August 7th. The industrial goods maker reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.01. UQM Technologies had a negative return on equity of 79.21% and a negative net margin of 75.36%. The business had revenue of $1.79 million during the quarter. During the same quarter in the previous year, the company earned ($0.01) EPS. Analysts forecast that UQM Technologies will post ($0.02) earnings per share for the current year.
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An institutional investor recently raised its position in UQM Technologies stock. Raymond James Financial Services Advisors Inc. increased its position in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.56% of UQM Technologies worth $233,000 at the end of the most recent quarter.
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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