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 closed yesterday at $2.65, close to its 52-week low of $2.40.
Jang observed:
“On Wednesday, after market close, BHTG reported revenues of $1.1M, up 65.8% y/y, above our estimate of $0.9M, with an operating loss per share of ($0.14), inline with our estimate.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 13.5% and a 42.4% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Nordic American Tanker, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BioHiTech Global Inc with a $7 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $5.76 and a one-year low of $2.40. Currently, BioHiTech Global Inc has an average volume of 15.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
