HC2 Holdings Inc (NASDAQ:HCHC) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded HC2 Holdings Inc (NASDAQ:HCHC) to Hold in a report released on 10/11/2016.
Previously on 8/23/2016, Zacks Investment Research released a statement about HC2 Holdings Inc (NASDAQ:HCHC) increased the target price from $0.00 to $5.50. At the time, this indicated a possible upside of 0.14%.
Just yesterday HC2 Holdings Inc (NASDAQ:HCHC) traded -4.29% lower at $5.58. HC2 Holdings Inc’s 50-day moving average is $4.97 and its 200-day moving average is $4.37. The last stock price is up 27.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 262,156 shares of HCHC traded hands, down from an average trading volume of 345,762
Recent Performance Chart
HC2 Holdings Inc has 52 week low of $3.25 and a 52 week high of $7.97 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $8.50 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On HC2 Holdings Inc (NASDAQ:HCHC)
HC2 Holdings, Inc. is a holding company. The Company operates through seven segments: Manufacturing (Schuff), Marine Services (GMSL), Insurance, Telecommunications (PTGi-ICS), Utilities, Life Sciences and Other. Schuff fabricates and erects structural steel for commercial and industrial construction projects, such as high- and low-rise buildings and office complexes, hospitals, dams, bridges, mines and power plants. GMSL is an offshore engineering company focused on specialist subsea services across the market sectors, such as telecommunications, oil and gas, and offshore power. The Insurance segment, CIG, provides long-term care, life and annuity coverage to approximately 99,000 individuals through its Insurance Companies. The PTGi-ICS business unit provides customers with Internet-based protocol and time-division multiplexing (TDM) access and transport of long distance voice minutes. The Life Sciences segment focuses on the development of technologies and products in healthcare.
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