Hyzon Motors Inc. (NASDAQ:HYZN) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in Hyzon Motors Inc. (NASDAQ:HYZN) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 973,287 shares of the company’s stock after selling 268,765 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hyzon Motors were worth $871,000 at the end of the most recent quarter.

Separately, Citigroup Inc. lifted its holdings 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 last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Hyzon Motors Stock Performance

Shares of NASDAQ:HYZN opened at $0.60 on Wednesday. The business’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $0.81. The stock has a market cap of $146.35 million, a PE ratio of -0.80 and a beta of 3.06. Hyzon Motors Inc. has a one year low of $0.45 and a one year high of $2.17.

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Roth Capital reaffirmed a “buy” rating on shares of Hyzon Motors in a research note on Wednesday, March 6th. Roth Mkm restated a “buy” rating and issued a $1.60 price target on shares of Hyzon Motors in a report on Monday, March 25th.

Insider Transactions at Hyzon Motors

In other news, major shareholder Fuel Cell Technologies Horizon sold 4,000,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 92,647,986 shares in the company, valued at $37,059,194.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.40% 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.