What’s Propelling Hydrodec Group plc to Increase So Much?

 What's Propelling Hydrodec Group plc to Increase So Much?

The stock of Hydrodec Group plc (LON:HYR) is a huge mover today! The stock decreased 1.20% or GBX 0.03 on November 18, hitting GBX 2.05. About 221,980 shares traded hands. Hydrodec Group plc (LON:HYR) has declined 14.43% since April 19, 2016 and is downtrending. It has underperformed by 18.86% the S&P500.
The move comes after 5 months positive chart setup for the GBX 16.80M company. It was reported on Nov, 18 by Barchart.com. We have GBX 3.24 PT which if reached, will make LON:HYR worth GBX 9.74M more.

Hydrodec Group plc (LON:HYR) Ratings Coverage

Out of 2 analysts covering Hydrodec Group (LON:HYR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 10 is the highest target while GBX 6.50 is the lowest. The GBX 8.50 average target is 314.63% above today’s (GBX 2.05) stock price. Hydrodec Group has been the topic of 5 analyst reports since December 1, 2015 according to StockzIntelligence Inc. As per Friday, December 11, the company rating was initiated by Canaccord Genuity. The stock has “Buy” rating given by Canaccord Genuity on Monday, March 7. The firm has “Buy” rating given on Friday, September 16 by Canaccord Genuity. As per Tuesday, December 1, the company rating was maintained by Peel Hunt. Canaccord Genuity maintained Hydrodec Group plc (LON:HYR) on Wednesday, August 31 with “Buy” rating.

More news for Hydrodec Group plc (LON:HYR) were recently published by: Fool.Co.Uk, which released: “Why Savvy Investors Are Selling Rio Tinto plc, Hydrodec Group plc & Fenner plc” on April 13, 2016. Fool.Co.Uk‘s article titled: “Are These 3 Small-Caps Set To Soar? EKF Diagnostics Holding PLC, Hardy Oil …” and published on March 18, 2016 is yet another important article.

Hydrodec Group plc is a clean-tech industrial oil re-refining firm with activities in the United States and Australia. The company has a market cap of 16.80 million GBP. The Firm is engaged in re-refining of used transformer oil into, and sale of, SUPERFINE oil, and collection and treatment of waste lubricant oil and the sale of recycled oil products. It currently has negative earnings. The Firm operates through two divisions: Re-refining and Recycling.

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