Zacks Investment Research downgraded shares of UQM Technologies Inc (NYSE:UQM) from a strong-buy rating to a hold rating in a report released on Thursday morning.
According to Zacks, “UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company’s headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. “
UQM Technologies (UQM) opened at 0.78 on Thursday. The stock’s 50 day moving average is $0.65 and its 200-day moving average is $0.52. UQM Technologies has a 52-week low of $0.42 and a 52-week high of $0.90. The company’s market cap is $37.89 million. About UQM Technologies
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