Hyzon Motors (NASDAQ:HYZN) Trading Up 8% – What’s Next?

Hyzon Motors Inc. (NASDAQ:HYZN)’s stock price shot up 8% on Monday . The company traded as high as $1.44 and last traded at $1.21. 1,406,802 shares were traded during mid-day trading, an increase of 386% from the average session volume of 289,673 shares. The stock had previously closed at $1.12.

Hyzon Motors Trading Up 8.0 %

The stock has a market cap of $9.19 million, a PE ratio of -0.03 and a beta of 2.83. The business’s 50-day moving average price is $1.78 and its 200-day moving average price is $6.30.

Institutional Trading of Hyzon Motors

A number of institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in Hyzon Motors by 48.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,199 shares of the company’s stock valued at $61,000 after buying an additional 8,173 shares in the last quarter. First Commonwealth Financial Corp PA acquired a new position in shares of Hyzon Motors during the third quarter valued at about $26,000. Finally, Van ECK Associates Corp raised its position in shares of Hyzon Motors by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,022,830 shares of the company’s stock valued at $328,000 after purchasing an additional 111,431 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

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.