Next Hydrogen Solutions (CVE:NXH) Trading Down 4.3%

Next Hydrogen Solutions Inc. (CVE:NXH)’s share price was down 4.3% during trading on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.45. Approximately 1,011 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 9,652 shares. The stock had previously closed at C$0.47.

Analyst Upgrades and Downgrades

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

Next Hydrogen Solutions Price Performance

The company has a debt-to-equity ratio of 31.25, a quick ratio of 4.66 and a current ratio of 2.01. The company has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.61. The stock has a market capitalization 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 issued its quarterly earnings data on Thursday, August 15th. The company reported C($0.17) earnings per share (EPS) for the quarter. The firm had revenue of C$0.55 million during the quarter. As a group, equities research analysts expect that Next Hydrogen Solutions Inc. will post -0.6 earnings per share 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.