Hyliion Holdings Corp. (NYSEAMERICAN:HYLN – Get Free Report)’s share price rose 9.9% during trading on Wednesday . The company traded as high as $7.32 and last traded at $7.2550. Approximately 4,678,760 shares traded hands during mid-day trading, an increase of 178% from the average daily volume of 1,684,382 shares. The stock had previously closed at $6.60.
Hyliion Stock Performance
The stock has a fifty day moving average of $2.70 and a 200 day moving average of $2.23. The company has a market capitalization of $1.26 billion, a P/E ratio of -19.18 and a beta of 2.59.
Institutional Investors Weigh In On Hyliion
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG grew its position in shares of Hyliion by 3.2% during the fourth quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock valued at $344,000 after purchasing an additional 5,873 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hyliion by 10.9% in the second quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock worth $101,000 after acquiring an additional 7,574 shares in the last quarter. Alliancebernstein L.P. grew its position in Hyliion by 7.0% in the third quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after acquiring an additional 10,000 shares in the last quarter. AQR Capital Management LLC grew its position in Hyliion by 15.1% in the first quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock worth $108,000 after acquiring an additional 10,076 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Hyliion by 12.0% in the third quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock worth $223,000 after acquiring an additional 12,160 shares in the last quarter. 22.81% of the stock is owned by institutional investors.
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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