Hydrogenics (HYGS) Receives News Impact Rating of 0.07

Headlines about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hydrogenics earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 48.0403441331278 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Hydrogenics remained flat at $$6.20 during trading hours on Friday, Marketbeat.com reports. The company had a trading volume of 28,853 shares, compared to its average volume of 50,675. Hydrogenics has a fifty-two week low of $4.95 and a fifty-two week high of $11.99. The company has a market capitalization of $95.74 million, a PE ratio of -7.75 and a beta of 0.72.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last released its quarterly earnings results on Thursday, August 2nd. The energy company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.19). Hydrogenics had a negative net margin of 20.82% and a negative return on equity of 46.22%. The company had revenue of $7.61 million during the quarter, compared to analyst estimates of $10.65 million. research analysts expect that Hydrogenics will post -0.49 earnings per share for the current fiscal year.

HYGS has been the subject of several research reports. Zacks Investment Research raised Hydrogenics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. HC Wainwright set a $10.00 target price on Hydrogenics and gave the company a “buy” rating in a research note on Tuesday, May 15th. ValuEngine cut Hydrogenics from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Finally, Roth Capital set a $9.00 target price on Hydrogenics and gave the company a “buy” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.38.

About Hydrogenics

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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