Hyzon Motors (NASDAQ:HYZN) Stock Price Down 4.6%

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HYZN. Roth Mkm reiterated a “buy” rating and issued a $1.60 price target on shares of Hyzon Motors in a report on Monday, March 25th. Roth Capital reaffirmed a “buy” rating on shares of Hyzon Motors in a report on Wednesday, March 6th.

Hyzon Motors Stock Down 4.6 %

The company’s fifty day simple moving average is $0.68 and its two-hundred day simple moving average is $0.82. The company has a market capitalization of $140.79 million, a price-to-earnings ratio of -0.77 and a beta of 3.06.

Hyzon Motors (NASDAQ:HYZN) last issued its quarterly earnings data on Friday, March 22nd. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The business had revenue of $0.30 million for the quarter, compared to analyst estimates of $0.20 million. Equities research analysts expect that Hyzon Motors Inc. will post -0.6 earnings per share for the current year.

Insider Activity

In related news, major shareholder Fuel Cell Technologies Horizon sold 4,000,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $37,059,194.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hyzon Motors

Several institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in shares of Hyzon Motors by 64.8% in the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock valued at $129,000 after purchasing an additional 40,583 shares during the period. FNY Investment Advisers LLC acquired a new stake in Hyzon Motors in the 4th quarter valued at approximately $108,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Hyzon Motors by 18.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,242,052 shares of the company’s stock valued at $1,553,000 after buying an additional 197,144 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

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.