Hyzon Motors (NASDAQ:HYZN) Trading Down 2.2%

Hyzon Motors Inc. (NASDAQ:HYZN) shares traded down 2.2% during trading on Wednesday . The stock traded as low as $2.62 and last traded at $2.63. 23,510 shares changed hands during trading, a decline of 74% from the average session volume of 89,566 shares. The stock had previously closed at $2.69.

Hyzon Motors Price Performance

The firm has a market capitalization of $650.65 million, a price-to-earnings ratio of -3.31 and a beta of 2.87. The stock has a 50 day moving average price of $0.36 and a two-hundred day moving average price of $0.49.

Hyzon Motors (NASDAQ:HYZN) last released its 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 company had revenue of $0.31 million during the quarter, compared to analysts’ expectations of $1.00 million. During the same period last year, the firm earned ($0.25) earnings per share. As a group, research analysts expect that Hyzon Motors Inc. will post -29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Fuel Cell Technologies Horizon sold 2,458,896 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $0.08, for a total value of $196,711.68. Following the completion of the sale, the insider now directly owns 48,978,275 shares of the company’s stock, valued at approximately $3,918,262. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 11,722,872 shares of company stock valued at $948,109. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp raised its position in Hyzon Motors Inc. (NASDAQ:HYZN) 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 owned by institutional investors.

About Hyzon Motors

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.