Maxim Group Thinks BioHiTech Global Inc’s Stock is Going to Recover

By Jason Carr

In a report released yesterday, James Jang from Maxim Group reiterated a Buy rating on BioHiTech Global Inc (NASDAQ: BHTG), with a price target of $7. The company’s shares closed yesterday at $3.59, close to its 52-week low of $2.50.

Jang observed:

“After yesterday’s market close, BioHiTech Global (BHTG) reported 1Q18 results with revenue of $0.6 million, up 9.3% y/y. Operating loss of ($0.18) per share was wider than our estimate of ($0.14) primarily due to the company’s continued shift from a sales to lease model.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.8% and a 48.1% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.

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The company has a one-year high of $9.50 and a one-year low of $2.50. Currently, BioHiTech Global Inc has an average volume of 11.94K.

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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.