Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 196,017 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 282,671 shares.The stock last traded at $2.03 and had previously closed at $2.15.
Hyzon Motors Trading Up 2.7 %
The firm’s 50-day moving average is $2.57 and its 200-day moving average is $14.05. The firm has a market cap of $475.00 million, a price-to-earnings ratio of -2.49 and a beta of 2.85.
Hyzon Motors (NASDAQ:HYZN – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($10.50) EPS for the quarter, missing the consensus estimate of ($7.50) by ($3.00). The firm had revenue of $0.31 million for the quarter, compared to the consensus estimate of $1.00 million. During the same period in the previous year, the firm posted ($12.50) earnings per share.
Insider Activity
Institutional Inflows and Outflows
An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp raised its position in Hyzon Motors Inc. (NASDAQ:HYZN – Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,022,830 shares of the company’s stock after buying an additional 111,431 shares during the period. Van ECK Associates Corp owned 0.41% of Hyzon Motors worth $328,000 as of its most recent filing with the SEC. 61.41% of the stock is currently owned by hedge funds and other institutional investors.
Hyzon Motors Company Profile
Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.
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