Hyzon Motors (NASDAQ:HYZN) Shares Gap Up to $2.50

Hyzon Motors Inc. (NASDAQ:HYZN) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.50, but opened at $2.72. Hyzon Motors shares last traded at $2.57, with a volume of 11,393 shares traded.

Hyzon Motors Stock Down 4.6 %

The business’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.52. The company has a market cap of $564.07 million, a PE ratio of -2.97 and a beta of 2.87.

Hyzon Motors (NASDAQ:HYZN) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The company had revenue of $0.31 million for the quarter, compared to analysts’ expectations of $1.00 million. During the same quarter in the previous year, the company posted ($0.25) EPS. Equities analysts expect that Hyzon Motors Inc. will post -29 earnings per share for the current year.

Insider Buying and Selling at Hyzon Motors

In other news, major shareholder Fuel Cell Technologies Horizon sold 500,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $0.07, for a total value of $35,000.00. Following the transaction, the insider now owns 35,478,275 shares in the company, valued at approximately $2,483,479.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 11,722,872 shares of company stock valued at $948,109. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp grew its holdings in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 0.41% of Hyzon Motors worth $328,000 at the end of the most recent reporting period. 61.41% of the stock is owned by institutional investors and hedge funds.

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.