Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.23 and last traded at $7.11, with a volume of 3306932 shares changing hands. The stock had previously closed at $5.99.
Hyliion Price Performance
The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -19.36 and a beta of 2.59. The firm has a fifty day moving average of $2.60 and a 200 day moving average of $2.19.
Institutional Investors Weigh In On Hyliion
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of Hyliion in the third quarter valued at approximately $26,000. Cubist Systematic Strategies LLC acquired a new stake in Hyliion during the first quarter worth $26,000. SG Americas Securities LLC acquired a new position in shares of Hyliion in the 3rd quarter valued at $27,000. Hsbc Holdings PLC acquired a new position in shares of Hyliion in the 1st quarter valued at $27,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Hyliion in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 22.81% of the company’s stock.
About Hyliion
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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