Shares of Hyzon Motors Inc. (NASDAQ:HYZN - Get Free Report) were down 7.9% on Wednesday . The company traded as low as $2.25 and last traded at $2.35. Approximately 945,780 shares were traded during trading, an increase of 244% from the average daily volume of 275,146 shares. The stock had previously closed at $2.55.
Hyzon Motors Stock Down 15.7 %
The company has a market cap of $531.90 million, a PE ratio of -2.79 and a beta of 2.85. The firm has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $14.48.
Hyzon Motors (NASDAQ:HYZN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($10.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($7.50) by ($3.00). The firm had revenue of $0.31 million for the quarter, compared to analysts' expectations of $1.00 million. During the same quarter in the prior year, the firm posted ($12.50) earnings per share.
Insider Transactions at Hyzon Motors
In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 27,058 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $5.00, for a total value of $135,290.00. Following the completion of the sale, the insider now owns 1,056,964 shares of the company's stock, valued at approximately $5,284,820. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 234,455 shares of company stock valued at $948,098. Corporate 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 increased its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,022,830 shares of the company's stock after acquiring an additional 111,431 shares during the period. Van ECK Associates Corp owned about 0.41% of Hyzon Motors worth $328,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 61.41% of the company's stock.
Hyzon Motors Company Profile
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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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