Hanwha Q Cells (NASDAQ:HQCL) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Hanwha Q Cells from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub lowered shares of Hanwha Q Cells from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, Roth Capital set a $8.00 target price on shares of Hanwha Q Cells and gave the company a “hold” rating in a report on Saturday, November 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Hanwha Q Cells has an average rating of “Hold” and an average price target of $7.88.
Hanwha Q Cells (HQCL) opened at $7.44 on Friday. Hanwha Q Cells has a 1-year low of $6.09 and a 1-year high of $9.79. The stock has a market cap of $622.15, a P/E ratio of 27.56 and a beta of 1.94. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71.
Hanwha Q Cells (NASDAQ:HQCL) last released its earnings results on Friday, November 10th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Hanwha Q Cells had a net margin of 0.92% and a return on equity of 4.07%. The firm had revenue of $543.00 million during the quarter, compared to analyst estimates of $564.60 million. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue was down 23.3% on a year-over-year basis. sell-side analysts predict that Hanwha Q Cells will post 0.55 EPS for the current fiscal year.
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Hanwha Q Cells Company Profile
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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