Hyzon Motors Inc. (NASDAQ:HYZN - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.05, but opened at $2.13. Hyzon Motors shares last traded at $2.06, with a volume of 61,120 shares trading hands.
Hyzon Motors Stock Down 5.9 %
The stock has a 50-day moving average price of $2.68 and a 200 day moving average price of $14.73. The firm has a market capitalization of $477.48 million, a price-to-earnings ratio of -2.51 and a beta of 2.85.
Hyzon Motors (NASDAQ:HYZN - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($10.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($7.50) by ($3.00). The firm had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.00 million. During the same period in the prior year, the company posted ($12.50) earnings per share.
Insider Activity at Hyzon Motors
In other news, major shareholder Fuel Cell Technologies Horizon sold 28,220 shares of Hyzon Motors stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $5.00, for a total transaction of $141,100.00. Following the sale, the insider now owns 1,028,743 shares in the company, valued at approximately $5,143,715. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 234,455 shares of company stock valued at $948,098 over the last ninety days. Insiders own 1.70% of the company's stock.
Hedge Funds Weigh In On Hyzon Motors
A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp raised its position in Hyzon Motors Inc. (NASDAQ:HYZN - Free Report) by 12.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,022,830 shares of the company's stock after buying an additional 111,431 shares during the quarter. Van ECK Associates Corp owned about 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.
About Hyzon Motors
(
Get Free Report)
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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