Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) saw an uptick in trading volume on Friday . 937,808 shares changed hands during trading, a decline of 29% from the previous session’s volume of 1,327,482 shares.The stock last traded at $4.7310 and had previously closed at $4.20.
Hyliion Stock Up 42.6%
The firm has a market cap of $1.07 billion, a PE ratio of -16.19 and a beta of 2.59. The firm’s fifty day simple moving average is $2.33 and its two-hundred day simple moving average is $2.10.
Hedge Funds Weigh In On Hyliion
Large investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in Hyliion during the third quarter valued at approximately $26,000. Cubist Systematic Strategies LLC purchased a new position in Hyliion during the first quarter valued at approximately $26,000. SG Americas Securities LLC purchased a new position in Hyliion during the third quarter valued at approximately $27,000. Hsbc Holdings PLC purchased a new position in Hyliion during the first quarter valued at approximately $27,000. Finally, Brevan Howard Capital Management LP purchased a new position in Hyliion during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 22.81% of the company’s stock.
Hyliion Company Profile
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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