Here’s Who Picked Up Hydrogenics Corp (NASDAQ:HYGS) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hydrogenics Corp (NASDAQ:HYGS) reported that Commscope Holding Company, Inc. has picked up 984,974 of common stock as of 2017-04-18.

The acquisition brings the aggregate amount owned by Commscope Holding Company, Inc. to a total of 984,974 representing a 7.9% stake in the company.

For those not familiar with the company, Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets. The Power business segment is based in Mississauga, Canada, with a satellite facility in Gladbeck, Germany. The Company’s products include HySTAT hydrogen generation equipment and HyPM fuel cell products. It has facilities in Mississauga, Ontario, Canada; Oevel-Westerlo, Belgium, and Gladbeck, Germany. It also has sales and service offices in Eastern Europe and North America. The Company has operations in Belgium, Canada and Germany with satellite offices in the United States and branch offices in Russia and Indonesia. Its products are sold around the world.

A glance at Hydrogenics Corp (NASDAQ:HYGS)’s key stats reveals a current market capitalization of 85.49 Million based on 12.54 Million shares outstanding and a price at last close of $6.95 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2011-06-30, Commscope picked up 611,247 at a purchase price of $4.09. This brings their total holding to 2,186,906 as of the date of the filing.

On the sell side, the most recent transaction saw Commscope unload 3,800 shares at a sale price of $10.14. This brings their total holding to 1,251,428.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hydrogenics Corp (NASDAQ:HYGS) as things move forward to see if its progress aligns with these transactions.

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