Hyliion (NYSEAMERICAN:HYLN) Shares Down 7.6% – Time to Sell?

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) was down 7.6% during mid-day trading on Monday . The company traded as low as $6.61 and last traded at $6.4590. Approximately 829,252 shares traded hands during trading, a decline of 54% from the average daily volume of 1,809,399 shares. The stock had previously closed at $6.99.

Hyliion Stock Up 8.6%

The stock’s 50 day moving average price is $2.89 and its 200-day moving average price is $2.29. The stock has a market capitalization of $1.21 billion, a P/E ratio of -22.63 and a beta of 3.43.

Hedge Funds Weigh In On Hyliion

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG boosted its stake in shares of Hyliion by 3.2% during the fourth quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock valued at $344,000 after purchasing an additional 5,873 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Hyliion by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock valued at $101,000 after acquiring an additional 7,574 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Hyliion by 7.0% in the third quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock valued at $299,000 after acquiring an additional 10,000 shares in the last quarter. AQR Capital Management LLC boosted its stake in Hyliion by 15.1% in the first quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock valued at $108,000 after acquiring an additional 10,076 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Hyliion by 12.0% in the third quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock valued at $223,000 after acquiring an additional 12,160 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.

Hyliion Company Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.