Hanwha Q Cells (HQCL) Downgraded to D at TheStreet

TheStreet downgraded shares of Hanwha Q Cells (NASDAQ:HQCL) from a c- rating to a d rating in a research report released on Wednesday morning.

A number of other equities research analysts have also recently weighed in on HQCL. BidaskClub cut shares of Hanwha Q Cells from a buy rating to a hold rating in a research note on Friday, April 6th. Zacks Investment Research cut shares of Hanwha Q Cells from a buy rating to a hold rating in a research note on Wednesday, January 10th. Finally, ValuEngine cut shares of Hanwha Q Cells from a hold rating to a sell rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $7.88.

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Shares of NASDAQ HQCL traded down $0.05 during midday trading on Wednesday, reaching $7.23. 7,234 shares of the company traded hands, compared to its average volume of 30,089. Hanwha Q Cells has a 52 week low of $6.09 and a 52 week high of $9.50. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.71. The stock has a market cap of $609.56, a P/E ratio of -66.18 and a beta of 1.70.

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About Hanwha Q Cells

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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