Hanwha Q CELLS (NASDAQ:HQCL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
HQCL has been the topic of a number of other reports. Zacks Investment Research lowered shares of Hanwha Q CELLS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Axiom Securities reiterated a “sell” rating on shares of Hanwha Q CELLS in a research note on Friday, September 8th. Finally, Roth Capital set a $8.00 price target on shares of Hanwha Q CELLS and gave the stock a “hold” rating in a research note on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.75.
Shares of Hanwha Q CELLS (NASDAQ HQCL) opened at $7.37 on Tuesday. The stock has a market cap of $637.25, a PE ratio of 42.56 and a beta of 1.93. Hanwha Q CELLS has a fifty-two week low of $6.09 and a fifty-two week high of $9.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.73.
Hanwha Q CELLS (NASDAQ:HQCL) last issued its quarterly earnings data on Friday, November 10th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $543.00 million for the quarter, compared to analyst estimates of $564.60 million. Hanwha Q CELLS had a net margin of 0.75% and a return on equity of 3.43%. Hanwha Q CELLS’s revenue was down 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. equities analysts predict that Hanwha Q CELLS will post 0.55 earnings per share for the current year.
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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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