BidaskClub Downgrades Hanwha Q Cells (HQCL) to Hold

Hanwha Q Cells (NASDAQ:HQCL) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the stock. ValuEngine raised shares of Hanwha Q Cells from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Hanwha Q Cells from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Hanwha Q Cells presently has a consensus rating of “Hold” and an average price target of $7.88.

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HQCL opened at $7.75 on Friday. The firm has a market capitalization of $644.74, a P/E ratio of 43.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 0.97. Hanwha Q Cells has a 12-month low of $6.09 and a 12-month high of $9.50.

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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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