Published On: Fri, Sep 16th, 2016

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Hydrodec Group plc (LON:HYR)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a research note issued to investors on Friday. They presently have a GBX 7 ($0.09) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 143.48% from the stock’s previous close.
Hydrodec Group plc (LON:HYR) traded down 4.167% during trading on Friday, hitting GBX 2.875. The stock had a trading volume of 3,256,665 shares. Hydrodec Group plc has a 52-week low of GBX 1.80 and a 52-week high of GBX 7.85. The company’s 50 day moving average is GBX 3.42 and its 200 day moving average is GBX 2.83. The firm’s market cap is GBX 21.54 million.
In other Hydrodec Group plc news, insider Archer,Dame Mary acquired 426,839 shares of Hydrodec Group plc stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average price of GBX 2 ($0.03) per share, with a total value of £8,536.78 ($11,370.25).

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About Hydrodec Group plc
Hydrodec Group plc is a United Kingdom-based clean-tech oil re-refining company with operations in the United States, Australia and the United Kingdom. The Company handles, treats and re-refines used oil to produce oils for re-use. The Company has two operating segments: Re-refining and Recycling. The Company’s Re-refining segment is principally engaged in the treatment of used transformer oil and the sale of SUPERFINETM oil.

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