UQM Technologies Inc (UQM) Shares Up 8.8%

UQM Technologies Inc (NYSE:UQM) shot up 8.8% during mid-day trading on Monday . The company traded as high as $1.03 and last traded at $1.11. 399,499 shares were traded during trading, an increase of 196% from the average session volume of 135,103 shares. The stock had previously closed at $1.02.

A number of research analysts have recently commented on the company. HC Wainwright set a $2.00 price target on UQM Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded UQM Technologies from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research report on Thursday, July 13th.

The firm’s market capitalization is $56.43 million. The firm has a 50 day moving average of $0.88 and a 200 day moving average of $0.73.

UQM Technologies (NYSE:UQM) last released its quarterly earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.79 million for the quarter. UQM Technologies had a negative return on equity of 79.21% and a negative net margin of 75.36%. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, analysts forecast that UQM Technologies Inc will post ($0.02) EPS for the current year.

A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. increased its position in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 0.56% of UQM Technologies worth $233,000 as of its most recent filing with the SEC.

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UQM Technologies Company Profile

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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