Next Hydrogen Solutions (CVE:NXH) Shares Up 1.9% – Still a Buy?

Next Hydrogen Solutions Inc. (CVE:NXH)’s stock price rose 1.9% during trading on Tuesday . The company traded as high as C$0.54 and last traded at C$0.54. Approximately 1,165 shares changed hands during trading, a decline of 87% from the average daily volume of 9,267 shares. The stock had previously closed at C$0.53.

Wall Street Analyst Weigh In

Separately, TD Securities lowered 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 research note on Friday, August 16th.

Next Hydrogen Solutions Stock Up 1.9 %

The firm has a market cap of C$12.37 million, a P/E ratio of -0.96 and a beta of 0.22. The firm’s 50-day moving average price is C$0.43 and its 200 day moving average price is C$0.55. The company has a quick ratio of 4.66, a current ratio of 2.01 and a debt-to-equity ratio of 31.25.

Next Hydrogen Solutions (CVE:NXH) last posted its earnings results on Thursday, August 15th. The company reported C($0.17) EPS for the quarter. The business had revenue of C$0.55 million for the quarter. As a group, research analysts expect that Next Hydrogen Solutions Inc. will post -0.6 earnings per share for the current year.

About Next Hydrogen Solutions

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.