Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.82 and last traded at $3.0920, with a volume of 57076 shares changing hands. The stock had previously closed at $2.68.
Hyliion Stock Up 24.8%
The business’s fifty day moving average is $1.96 and its 200-day moving average is $1.98. The stock has a market capitalization of $594.78 million, a PE ratio of -9.09 and a beta of 2.59.
Hedge Funds Weigh In On Hyliion
A number of large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Hyliion during the first quarter valued at approximately $26,000. CIBC Bancorp USA Inc. acquired a new position in Hyliion during the third quarter valued at approximately $26,000. SG Americas Securities LLC acquired a new position in Hyliion during the third quarter valued at approximately $27,000. Hsbc Holdings PLC acquired a new position in Hyliion during the first quarter valued at approximately $27,000. Finally, Brevan Howard Capital Management LP acquired a new position in Hyliion during the second quarter valued at approximately $30,000. 22.81% of the stock is currently owned by hedge funds and other 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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