Shares of Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) hit a new 52-week high 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 Price Performance
The stock has a market capitalization of $594.78 million, a price-to-earnings ratio of -9.09 and a beta of 2.59. The business’s 50-day simple moving average is $1.96 and its two-hundred day simple moving average is $1.98.
Institutional Trading of Hyliion
A number of hedge funds have recently made changes to their positions in HYLN. Invesco Ltd. raised its stake in shares of Hyliion by 76.3% during the fourth quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock valued at $11,507,000 after purchasing an additional 2,706,803 shares during the period. HITE Hedge Asset Management LLC raised its stake in shares of Hyliion by 121.9% during the fourth quarter. HITE Hedge Asset Management LLC now owns 2,827,742 shares of the company’s stock valued at $5,203,000 after purchasing an additional 1,553,626 shares during the period. Millennium Management LLC raised its stake in shares of Hyliion by 27.4% during the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock valued at $8,814,000 after purchasing an additional 1,355,951 shares during the period. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Hyliion during the fourth quarter valued at approximately $1,586,000. Finally, Marshall Wace LLP purchased a new stake in shares of Hyliion during the second quarter valued at approximately $386,000. Hedge funds and other institutional investors 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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