Hyliion Holdings Corp. (NYSEAMERICAN:HYLN – Get Free Report)’s share price traded down 5.7% on Tuesday . The stock traded as low as $6.71 and last traded at $6.8110. 1,886,863 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 2,098,994 shares. The stock had previously closed at $7.22.
Hyliion Stock Down 10.7%
The stock has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $2.48. The company has a market cap of $1.15 billion, a PE ratio of -21.56 and a beta of 3.41.
Institutional Investors Weigh In On Hyliion
A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in Hyliion by 28.3% during the first quarter. Cetera Investment Advisers now owns 94,957 shares of the company’s stock worth $167,000 after purchasing an additional 20,956 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hyliion by 34.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 799,672 shares of the company’s stock valued at $1,406,000 after buying an additional 203,451 shares during the period. Angeles Wealth Management LLC purchased a new stake in shares of Hyliion in the 1st quarter valued at $44,000. Hsbc Holdings PLC purchased a new position in Hyliion during the 1st quarter valued at about $27,000. Finally, Apella Capital LLC purchased a new position in Hyliion during the 1st quarter valued at about $37,000. 22.81% of the stock is currently owned by institutional investors and hedge funds.
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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