Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $2.82 and last traded at $3.0920, with a volume of 57076 shares. The stock had previously closed at $2.68.
Hyliion Stock Up 2.8%
The stock has a market capitalization of $656.13 million, a price-to-earnings ratio of -9.97 and a beta of 2.59. The business has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $2.00.
Institutional Investors Weigh In On Hyliion
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG lifted its position in shares of Hyliion by 3.2% during the 4th quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock valued at $344,000 after acquiring an additional 5,873 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hyliion by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock valued at $101,000 after acquiring an additional 7,574 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Hyliion by 7.0% during the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock valued at $299,000 after acquiring an additional 10,000 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Hyliion by 15.1% during the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock valued at $108,000 after acquiring an additional 10,076 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Hyliion by 12.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock valued at $223,000 after acquiring an additional 12,160 shares during the last quarter. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than Hyliion
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Hyliion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyliion and related companies with MarketBeat.com's FREE daily email newsletter.
