Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $8.00 for the company and are anticipating that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hanwha Q CELLS Co. an industry rank of 88 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on the stock. Axiom Securities restated a “sell” rating on shares of Hanwha Q CELLS Co. in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Hanwha Q CELLS Co. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, BidaskClub upgraded shares of Hanwha Q CELLS Co. from a “hold” rating to a “buy” rating in a research report on Monday, July 24th.
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Hanwha Q CELLS Co. (NASDAQ:HQCL) traded down $0.69 during mid-day trading on Thursday, hitting $8.36. 61,900 shares of the stock were exchanged, compared to its average volume of 22,367. The stock has a market capitalization of $695.49, a PE ratio of 46.44 and a beta of 2.00. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.73. Hanwha Q CELLS Co. has a twelve month low of $6.09 and a twelve month high of $9.97.
Hanwha Q CELLS Co. (NASDAQ:HQCL) last released its earnings results on Friday, November 10th. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $543.00 million during the quarter, compared to analysts’ expectations of $564.60 million. Hanwha Q CELLS Co. had a net margin of 2.30% and a return on equity of 11.55%. The company’s quarterly revenue was down 23.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. equities research analysts expect that Hanwha Q CELLS Co. will post 0.57 earnings per share for the current year.
About Hanwha Q CELLS Co.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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