Prospects of Hydrogenics Corporation (USA) (NASDAQ:HYGS)

Posted by Nathan Alexander June 3, 2013 0 Comment 2783 views

On May, 31, 2013, the Board of Directors of Hydrogenics Corporation (USA) (NASDAQ:HYGS) has made an announcement regarding the death of the Company’s board member, Mr. Norman Seagram.  He was died on 27th May, 2013. Mr. Norman Seagram started his career with HYGS in 1998, as a Board of Director. After a little period, he was chosen for the position of Chairman. HYGS extended its condolences to Mr. Norman’s wife Joyce. Mr. Norman has served the company more than 15 years.

Hydrogenics Corporation (USA) (NASDAQ:HYGS) Q1 Results:

HYGS has updated its Q1 of 2013 financial results. For the first quarter of 2013, revenue grew 115%, to $12.3 million. The increase of revenue was attributed to increase in the sales of Power Systems business unit of the Company. For the Q1 of 2013 gross profit remained $3.5 million that was higher form GP of Q1 of fiscal year 2012. The GP of Q1 of 2012 was $0.8 million.

HYGS Prior Session:

In the trading session of May 31, 2013, the stock started the session at opening price of $12.95, touched the highest price of $12.99, and closed the session at $11.98. The stock was under consideration of investors, but was not able to show any positive percentage change and dropped -7.81%. In the most recent trading session, volume of the stock remained 198,120 shares.

Hydrogenics Corporation Past Trends Represents it as a “Big Bull”:

HYGS was in bullish zone in its past trends of different periods. The stock showed a positive performance in its weekly period and advanced +31.79%, the monthly trend of the stock was also in bullish mood as it escalated +46.10%. HYGS scored a hot performance in its quarterly period as it surged +50.31%, in the same way, the half-yearly performance was also stunning as it boost-up +67.09%. The year-t-date performance of the stock was in positive of +76.96% and the one year performance was also in green as it grew +113.93%.

Hydrogenics Corporation (USA) (NASDAQ:HYGS) Financial Aspects:

The stock’s price to sales ratio remained 3.30, and its price to cash ratio stayed at 8.06. Beta factor remained 0.43 points, while the average true range of the stock was 0.75.The current ratio of the stock remained 1.32.

A Spotlight on Balance Sheet Items of HYGS:

Total cash of the company remained 8.18 million, while the total cash per share remained $1.04. Total debt (mrq) stayed at $2.72 million.

About Hydrogenics Corporation:

HYGS is a manufacturer of hydrogen generation products rooted in water electrolysis technology. It was founded in the year 1988 and headquarter of the company is located in Mississauga, Canada.

About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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