Hydrogenics Co. (NASDAQ:HYGS) Given Consensus Rating of “Hold” by Analysts

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Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Hydrogenics from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. BidaskClub lowered Hydrogenics from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th.

A number of large investors have recently bought and sold shares of HYGS. SG Americas Securities LLC bought a new stake in Hydrogenics during the second quarter valued at $764,000. Gamco Investors INC. ET AL bought a new stake in Hydrogenics during the second quarter worth about $309,000. Gabelli Funds LLC bought a new stake in Hydrogenics during the second quarter worth about $2,180,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Hydrogenics during the second quarter worth about $325,000. Finally, TSP Capital Management Group LLC lifted its stake in Hydrogenics by 2.3% during the second quarter. TSP Capital Management Group LLC now owns 1,279,653 shares of the energy company’s stock worth $19,003,000 after purchasing an additional 29,050 shares during the last quarter. 10.44% of the stock is owned by institutional investors.

NASDAQ:HYGS remained flat at $$15.00 during trading hours on Friday. The firm has a market cap of $285.30 million, a P/E ratio of -17.44 and a beta of 0.66. Hydrogenics has a 1-year low of $3.80 and a 1-year high of $16.50. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $14.05.

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 (PEM) technology. It operates through two segments, OnSite Generation and Power Systems.

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