Hyliion (NYSE:HYLN) Hits New 1-Year High – Here’s What Happened

Hyliion Holdings Corp. (NYSE:HYLN)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $7.23 and last traded at $7.11, with a volume of 3306932 shares traded. The stock had previously closed at $5.99.

Hyliion Trading Up 13.9%

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -18.43 and a beta of 2.59. The stock’s 50 day moving average is $2.41 and its two-hundred day moving average is $2.13.

Institutional Trading of Hyliion

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new stake in Hyliion during the 3rd quarter worth approximately $26,000. SG Americas Securities LLC acquired a new stake in Hyliion during the 3rd quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new stake in Hyliion during the 1st quarter worth approximately $27,000. Cubist Systematic Strategies LLC acquired a new stake in Hyliion during the 1st quarter worth approximately $26,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Hyliion in the 3rd quarter worth $37,000. 22.81% of the stock is owned by institutional investors and hedge funds.

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.