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Hyliion (NYSE:HYLN) Downgraded to "Sell" Rating by Wall Street Zen

Hyliion logo with Auto/Tires/Trucks background

Hyliion (NYSE:HYLN - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Hyliion Stock Down 1.2%

Shares of Hyliion stock traded down $0.02 on Thursday, reaching $1.19. The company's stock had a trading volume of 556,920 shares, compared to its average volume of 1,348,755. Hyliion has a 52 week low of $1.11 and a 52 week high of $4.10. The firm's fifty day simple moving average is $1.45 and its two-hundred day simple moving average is $2.11. The company has a market capitalization of $207.16 million, a price-to-earnings ratio of -3.20 and a beta of 2.76.

Hedge Funds Weigh In On Hyliion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Hyliion by 27.4% in the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company's stock worth $8,814,000 after acquiring an additional 1,355,951 shares during the period. Invesco Ltd. boosted its holdings in Hyliion by 43.6% in the first quarter. Invesco Ltd. now owns 2,678,501 shares of the company's stock worth $3,750,000 after purchasing an additional 813,593 shares during the last quarter. Renaissance Technologies LLC grew its position in Hyliion by 49.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company's stock worth $3,368,000 after purchasing an additional 424,866 shares during the period. Northern Trust Corp raised its stake in Hyliion by 3.1% during the 4th quarter. Northern Trust Corp now owns 1,143,762 shares of the company's stock valued at $2,985,000 after buying an additional 34,531 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Hyliion by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company's stock valued at $2,782,000 after buying an additional 8,326 shares during the last quarter. Institutional investors own 22.81% of the company's stock.

Hyliion Company Profile

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