Next Hydrogen Solutions (CVE:NXH) Share Price Down 4.3%

Shares of Next Hydrogen Solutions Inc. (CVE:NXH – Get Your Free Report ) traded down 4.3% during trading on Tuesday. The stock traded as low as $0.45 and last traded at $0.45. 1,011 shares changed hands during trading, down 90% from the session’s average volume of 9,652 shares. The stock had previously closed at $0.47.

Changes in Analyst Ratings

Separately, TD Securities reduced their target price on shares of Next Hydrogen Solutions from $0.75 to $0.50 and set a “hold” rating on the stock in a report on Friday, August 16th.

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Next Hydrogen Solutions Stock Down 4.3%

The stock has a fifty day moving average of $0.51 and a two hundred day moving average of $0.61. The company has a quick ratio of 4.66, a current ratio of 2.01, and a debt-to-equity ratio of 31.25. The stock has a market cap of $10.31 million, a price-to-earnings ratio of -0.80 and a beta of 0.26.

Next Hydrogen Solutions (CVE:NXH – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 15th. The company reported C ($0.17) earnings per share for the quarter. The firm had revenue of $0.55 million during the quarter. As a group, analysts predict that Next Hydrogen Solutions Inc. will post -0.6 EPS for the current fiscal year.

Next Hydrogen Solutions Company Profile

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Next Hydrogen Solutions Inc develops and manufactures water electrolyzers to run on intermittent renewable energy. The company was founded in 2007 and is headquartered in Mississauga, Canada.

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