Hyzon Motors (NASDAQ:HYZN) Trading 8% Higher – What’s Next?

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

Hyzon Motors Stock Down 3.3 %

The firm has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $5.98. The company has a market cap of $8.88 million, a price-to-earnings ratio of -0.03 and a beta of 2.83.

Institutional Investors Weigh In On Hyzon Motors

A number of institutional investors and hedge funds have recently made changes to their positions in HYZN. Van ECK Associates Corp increased its stake in Hyzon Motors by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,022,830 shares of the company’s stock valued at $328,000 after buying an additional 111,431 shares during the period. Victory Capital Management Inc. increased its stake in shares of Hyzon Motors by 48.0% during the third quarter. Victory Capital Management Inc. now owns 25,199 shares of the company’s stock worth $61,000 after acquiring an additional 8,173 shares during the period. Finally, First Commonwealth Financial Corp PA purchased a new position in Hyzon Motors during the third quarter worth about $26,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.