Hyzon Motors (NASDAQ:HYZN) Stock Price Up 5.3%

Hyzon Motors Inc. (NASDAQ:HYZN) shares traded up 5.3% during trading on Monday . The company traded as high as $2.40 and last traded at $2.40. 53,599 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 91,290 shares. The stock had previously closed at $2.28.

Hyzon Motors Trading Down 0.4 %

The business has a fifty day moving average price of $0.48 and a 200 day moving average price of $0.53. The firm has a market cap of $561.59 million, a PE ratio of -2.99 and a beta of 2.87.

Hyzon Motors (NASDAQ:HYZN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The business had revenue of $0.31 million for the quarter, compared to the consensus estimate of $1.00 million. During the same quarter in the prior year, the company earned ($0.25) EPS. On average, research analysts expect that Hyzon Motors Inc. will post -29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Fuel Cell Technologies Horizon sold 1,411,049 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $0.10, for a total value of $141,104.90. Following the completion of the sale, the insider now directly owns 51,437,171 shares of the company’s stock, valued at approximately $5,143,717.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 11,722,872 shares of company stock worth $948,109 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyzon Motors

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp increased its holdings in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,022,830 shares of the company’s stock after purchasing 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 SEC filing. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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.