Hyzon Motors (NASDAQ:HYZN) Shares Down 4.6%

Hyzon Motors Inc. (NASDAQ:HYZN) shares traded down 4.6% during trading on Monday . The company traded as low as $0.57 and last traded at $0.57. 509,924 shares traded hands during trading, an increase of 0% from the average session volume of 508,664 shares. The stock had previously closed at $0.60.

Analyst Upgrades and Downgrades

HYZN has been the topic of a number of research reports. Roth Capital reissued a “buy” rating on shares of Hyzon Motors in a report on Wednesday, March 6th. Roth Mkm reissued a “buy” rating and set a $1.60 price target on shares of Hyzon Motors in a research report on Monday, March 25th.

Hyzon Motors Stock Up 1.4 %

The firm has a market capitalization of $148.46 million, a PE ratio of -0.81 and a beta of 3.06. The stock has a 50-day moving average price of $0.68 and a 200 day moving average price of $0.81.

Hyzon Motors (NASDAQ:HYZN) last announced its earnings results on Friday, March 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.20 million. As a group, equities analysts predict that Hyzon Motors Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 4,000,000 shares of Hyzon Motors stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $0.40, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider now directly owns 92,647,986 shares in the company, valued at $37,059,194.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HYZN. FNY Investment Advisers LLC acquired a new position in Hyzon Motors in the fourth quarter valued at $108,000. Citigroup Inc. raised its stake in Hyzon Motors by 64.8% during the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock valued at $129,000 after acquiring an additional 40,583 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Hyzon Motors by 18.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,242,052 shares of the company’s stock worth $1,553,000 after acquiring an additional 197,144 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

About Hyzon Motors

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.