Hydrogenics (HYGS) Receiving Somewhat Favorable News Coverage, Analysis Shows

News stories about Hydrogenics (NASDAQ:HYGS) (TSE:HYG) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hydrogenics earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 46.1450019981851 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Hydrogenics (NASDAQ HYGS) traded up $0.20 during trading on Monday, reaching $11.20. The company had a trading volume of 81,500 shares, compared to its average volume of 59,433. The firm has a market cap of $171.74, a price-to-earnings ratio of -11.55 and a beta of 1.34. Hydrogenics has a 1-year low of $4.75 and a 1-year high of $11.99.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last posted its quarterly earnings results on Monday, November 6th. The energy company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.01). Hydrogenics had a negative return on equity of 77.82% and a negative net margin of 33.59%. sell-side analysts predict that Hydrogenics will post -0.79 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Cowen restated a “hold” rating and set a $9.00 target price on shares of Hydrogenics in a report on Tuesday, October 17th. Zacks Investment Research upgraded Hydrogenics from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Hydrogenics in a report on Tuesday, November 7th. ValuEngine cut Hydrogenics from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Roth Capital set a $11.00 price objective on Hydrogenics and gave the company a “buy” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Hydrogenics has an average rating of “Hold” and an average target price of $10.50.

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Hydrogenics Company Profile

Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.

Insider Buying and Selling by Quarter for Hydrogenics (NASDAQ:HYGS)

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