Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW) stock should be added to the list of penny stocks to watch this month. QTWW closed at 0.655, up 6.50%, on volume of just 614,669 shares. What is more important about QTWW stock is that during the month of May, insiders bought 291,400 shares in the open market between 0.4471 and 0.63 per share. Commitments like this from insiders make investing in the penny stock of the global leader in natural gas, hydrogen and hybrid electric vehicle technologies that much easier after both the President and CEO, Alan P. Niedzwiecki, and the Chairman of the Board of Directors, Dale L. Rasmussen, resigned last month.
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QTWW Stock Chart
Market Cap: 30.99M
Price/Sales (ttm): 0.93
Price/Book (mrq): 0.90
52-Week High
(Jul 15, 2011): 6.29
52-Week Low
(May 11, 2012): 0.41
50-Day Moving Avg: 0.59
200-Day Moving Avg: 0.83
Avg Vol (3 month): 1,012,880
Avg Vol (10 day): 404,983
Shares Outstanding: 47.31M
Float: 42.68M
% Held by Insiders: 23.37%
% Held by Institutions: 12.30%
Shares Short
(a/o May 15, 2012): 2.38M
QTWW Stock is set to open Tuesday at 11.56% above the 50 day moving average, -20.86% below the 200 day moving average, -89.59% below the 52 week high of $6.29, and 59.76% above the 52 week low of $0.41. If QTWW can trade on volume equal to or above the 3 month average and close above $0.70 on this week, it has a great chance of testing the 200 day moving average before the end of the month.
About QTWW Stock
Quantum Fuel Systems Technologies Worldwide, Inc. and Subsidiaries is a fully integrated alternative energy company, a leader in the development and production of natural gas, fuel cell and other advanced clean propulsion systems and renewable energy generation systems and services. QTWW has a new CEO and new CFO. W. Brian Olson was appointed interim CEO and Bradley J. Timon was appointed interim CFO on May 10, 2012 .
To view the SEC filings for QTWW, click here. For more information on QTWW, visit their website at: www.qtww.com.
Bottom Line: Long Investors of penny stocks should add QTWW stock to their watch list. Everything GWBU stock claims to be, QTWW already is and more, just in a real way. quantum received their Nasdaq warning letter on April 30th for closing below $1 for the last 30 consecutive days. with insiders buying the stock equal to almost half of yesterday’s volume indicates the Company will not consider a reverse split.
Translation: $0.655 to $1 is $0.345 or a 52.67% built in gain if you’re long.
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