Maxim Group analyst James Jang reiterated a Buy rating on BioHiTech Global Inc (BHTG) today and set a price target of $7. The company’s shares opened today at $2.96.
Jang commented:
“BioHiTech Global (BHTG) reported 4Q18 results which were below our expectations, but news of the first HEBioT plant coming online should support our long-term thesis.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 3.8% and a 45.0% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
The word on The Street in general, suggests a Hold analyst consensus rating for BioHiTech Global Inc.
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Based on BioHiTech Global Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2 million. In comparison, last year the company had a GAAP net loss of $5.22 million.
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BioHiTech Global, Inc. engages in the development, marketing and sales of systems for disposing of biodegradable waste. It provides food waste disposal systems which transform food waste into nutrient-neutral water which may be disposed of via sewer systems while utilizing proprietary software to collect and transmit environmental performance data to its customers. The company was founded on March 20, 2013 and is headquartered in New York, NY.
