Fusion Fuel Green (NASDAQ:HTOO) Shares Down 2.9%

Fusion Fuel Green PLC (NASDAQ:HTOO) shares dropped 2.9% during mid-day trading on Monday . The company traded as low as $0.52 and last traded at $0.52. Approximately 153,330 shares traded hands during trading, a decline of 74% from the average daily volume of 594,406 shares. The stock had previously closed at $0.54.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $3.50 price target on shares of Fusion Fuel Green in a research report on Thursday, June 6th.

Fusion Fuel Green Price Performance

The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.38 and a current ratio of 0.56. The business has a 50 day moving average of $0.71 and a two-hundred day moving average of $1.06.

Institutional Investors Weigh In On Fusion Fuel Green

A hedge fund recently bought a new stake in Fusion Fuel Green stock. Consolidated Portfolio Review Corp purchased a new stake in Fusion Fuel Green PLC (NASDAQ:HTOO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 53,736 shares of the company’s stock, valued at approximately $47,000. Consolidated Portfolio Review Corp owned about 0.36% of Fusion Fuel Green as of its most recent filing with the Securities & Exchange Commission. 17.82% of the stock is currently owned by institutional investors.

About Fusion Fuel Green

Fusion Fuel Green PLC, together with its subsidiaries, manufactures and sells miniaturized PEM electrolyzers to produce green hydrogen in Portugal, Spain, and rest of southern Europe. The company offers HEVO-Chain, a centralized PEM electrolyzer; and HEVO-Solar, a grid-independent hydrogen generator.