Hyzon Motors (NASDAQ:HYZN) Shares Up 8% – Time to Buy?

Hyzon Motors Inc. (NASDAQ:HYZN)’s share price was up 8% during trading on Monday . The stock traded as high as $1.44 and last traded at $1.21. Approximately 1,406,802 shares traded hands during trading, an increase of 386% from the average daily volume of 289,673 shares. The stock had previously closed at $1.12.

Hyzon Motors Stock Up 8.0 %

The firm has a 50 day moving average price of $1.78 and a 200 day moving average price of $6.30. The stock has a market cap of $9.19 million, a PE ratio of -0.03 and a beta of 2.83.

Institutional Investors Weigh In On Hyzon Motors

Several large investors have recently modified their holdings of HYZN. First Commonwealth Financial Corp PA purchased a new position in Hyzon Motors during the third quarter valued at approximately $26,000. Victory Capital Management Inc. increased its holdings in shares of Hyzon Motors by 48.0% in the 3rd quarter. Victory Capital Management Inc. now owns 25,199 shares of the company’s stock valued at $61,000 after acquiring an additional 8,173 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Hyzon Motors by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,022,830 shares of the company’s stock worth $328,000 after purchasing an additional 111,431 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

Hyzon Motors Company Profile

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.