Next Hydrogen Solutions (CVE:NXH) Stock Price Down 4.3%

Shares of Next Hydrogen Solutions Inc. (CVE:NXH) traded down 4.3% during trading on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.45. 1,011 shares changed hands during trading, a decline of 90% from the average session volume of 9,652 shares. The stock had previously closed at C$0.47.

Analyst Ratings Changes

Separately, TD Securities decreased their price target on shares of Next Hydrogen Solutions from C$0.75 to C$0.50 and set a “hold” rating on the stock in a report on Friday, August 16th.

Next Hydrogen Solutions Stock Down 4.3 %

The stock has a fifty day moving average of C$0.51 and a two-hundred day moving average of C$0.61. The company has a quick ratio of 4.66, a current ratio of 2.01 and a debt-to-equity ratio of 31.25. The stock has a market cap of C$10.31 million, a price-to-earnings ratio of -0.80 and a beta of 0.26.

Next Hydrogen Solutions (CVE:NXH) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.17) earnings per share for the quarter. The firm had revenue of C$0.55 million during the quarter. As a group, analysts predict that Next Hydrogen Solutions Inc. will post -0.6 EPS for the current fiscal year.

Next Hydrogen Solutions Company Profile

Next Hydrogen Solutions Inc develops and produces water electrolyzers to work with intermittent renewable energy. The company was founded in 2007 and is headquartered in Mississauga, Canada.