Boston, MA 06/04/2013 (wallstreetpr) – The share prices of Hydrogenics Corporation USA (NASDAQ:HYGS) had surged by 13.94 percent to close at $13.65 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $11.82 to $13.70 per share during the day. This recent surge in share prices of Hydrogenics Corporation USA (NASDAQ:HYGS) had led the company to hit new 52 week high price level at $13.70 per share and the 52 week low price level of the company remains at $4.62 per share.
Hydrogenics Corporation USA (NASDAQ:HYGS) is involved in design, development and production of hydrogen generation and fuel cell products. The company uses water electrolysis technology and proton exchange membrane technology for its product categories. The two major business segments of Hydrogenics Corporation USA (NASDAQ:HYGS) are On Site generation with focus on hydrogen generation and related products for clients and Power Generation with focus on production of fuel cell products.
The fuel cell products developed and commercialized by Hydrogenics Corporation USA (NASDAQ:HYGS) find applications for Original Equipment Manufacturers systems integrators and end users of stationary applications. The shares of the company had recently been surging in share prices and trading volumes for the past few days.
Hydrogenics Corporation USA (NASDAQ:HYGS) presently holds 7.78 million shares outstanding in the market and the institutional ownership in the company is at 5 percent of its holdings. The average trading volume in the shares of the company is at 89,906 shares per day.
