Next Hydrogen Solutions (CVE:NXH) Reaches New 52-Week Low at $0.40

Shares of Next Hydrogen Solutions Inc. (CVE:NXH) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.40, with a volume of 546 shares changing hands. The stock had previously closed at C$0.41.

Analysts Set New Price Targets

Separately, TD Securities lowered their price objective on Next Hydrogen Solutions from C$0.75 to C$0.50 and set a “hold” rating for the company in a research report on Friday, August 16th.

Next Hydrogen Solutions Price Performance

The stock has a market capitalization of C$9.16 million, a P/E ratio of -0.73 and a beta of 0.26. The company has a debt-to-equity ratio of 31.25, a quick ratio of 4.66 and a current ratio of 2.01. The business has a fifty day simple moving average of C$0.48 and a 200-day simple moving average of C$0.59.

Next Hydrogen Solutions (CVE:NXH) last posted its quarterly earnings results on Thursday, August 15th. The company reported C($0.17) EPS for the quarter. The business had revenue of C$0.55 million for the quarter. Sell-side analysts expect that Next Hydrogen Solutions Inc. will post -0.6 earnings per share for the current fiscal year.

Next Hydrogen Solutions Company Profile

Next Hydrogen Solutions Inc develops and produces water electrolyzers to work with intermittent renewable energy. The company was founded in 2007 and is headquartered in Mississauga, Canada.