HQ Sustainable Maritime Industries Up 15.3% (HQS)

Shares of HQ Sustainable Maritime Industries, Inc. HQS are trading up 15.3% at $4.08 per share during the Tuesday afternoon trading session. The day's trading range for shares of HQ Sustainable Maritime Industries, Inc has been between $3.85 and $4.20 per share. Analysts covering the company's stock give it a consensus price target of $7.20 per share. Volume of 1.3 million shares is far above the daily average volume of 229,000 shares. HQ Sustainable Maritime Industries, Inc. (HQS) announced on Tuesday morning that it beat consensus Wall Street earnings expectations. HQ Sustainable Maritime Industries, Inc announced 3rd quarter earnings per share of 40 cents, on revenue of $28.2 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 28 cents per share, on revenue of $28.38 million. President and chief executive officer Norbert Sporns said, "We are extremely pleased with our third quarter financial performance. Our management team continues to execute on our operational and strategic initiatives for growth. We believe we have laid the groundwork for future financial and operational successes through our vertically integrated approach to all-natural Tilapia aquaculture bio-mass product development and distribution. We are very optimistic about our outlook for the remainder of 2010 and more importantly fiscal 2011 as we focus on long-term profitable growth and strong cash flow generation." Read more from Benzinga's Company news.