UQM Technologies Inc (UQM) Trading -4.8% Higher
UQM Technologies Inc (NYSE:UQM) shares traded up 4.8% during trading on Monday . The company traded as high as $1.28 and last traded at $1.19. 111,171 shares were traded during trading, a decline of 51% from the average session volume of 226,278 shares. The stock had previously closed at $1.25.
A number of research analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and set a $1.50 price objective on shares of UQM Technologies in a report on Monday. Zacks Investment Research raised UQM Technologies from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Friday, July 21st.
UQM Technologies (NYSE:UQM) last issued its quarterly earnings data on Monday, August 7th. The industrial goods maker reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $1.79 million for the quarter. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. During the same quarter last year, the company posted ($0.01) earnings per share.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,266 shares of the industrial goods maker’s stock after purchasing an additional 50,000 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.56% of UQM Technologies worth $233,000 at the end of the most recent quarter.
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About UQM Technologies
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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