Fusion Fuel Green (NASDAQ:HTOO) Trading Down 9.8% – Here’s What Happened

Fusion Fuel Green PLC (NASDAQ:HTOO)’s share price traded down 9.8% during mid-day trading on Thursday . The stock traded as low as $3.80 and last traded at $4.13. 177,831 shares traded hands during trading, an increase of 69% from the average session volume of 105,329 shares. The stock had previously closed at $4.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Fusion Fuel Green from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fusion Fuel Green in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fusion Fuel Green Stock Down 9.8%

The business has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $6.72. The company has a market cap of $3.22 million, a price-to-earnings ratio of -0.45 and a beta of 1.95. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.02.

About Fusion Fuel Green

Fusion Fuel Green PLC, together with its subsidiaries, manufactures and sells miniaturized PEM electrolyzers to produce green hydrogen in Portugal, Spain, and rest of southern Europe. The company offers HEVO-Chain, a centralized PEM electrolyzer; and HEVO-Solar, a grid-independent hydrogen generator.