Next Hydrogen Solutions (CVE:NXH) Shares Down 4.3%

Next Hydrogen Solutions Inc. (CVE:NXH)’s stock price was down 4.3% on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.45. Approximately 1,011 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 9,652 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

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

Next Hydrogen Solutions Stock Performance

The company has a market capitalization of C$10.31 million, a price-to-earnings ratio of -0.80 and a beta of 0.26. The company has a 50 day moving average price of C$0.51 and a 200 day moving average price of C$0.61. The company has a debt-to-equity ratio of 31.25, a quick ratio of 4.66 and a current ratio of 2.01.

Next Hydrogen Solutions (CVE:NXH) last posted its quarterly earnings results on Thursday, August 15th. The company reported C($0.17) earnings per share (EPS) for the quarter. The company had revenue of C$0.55 million for the quarter. Equities research analysts predict that Next Hydrogen Solutions Inc. will post -0.6 earnings per share for the current fiscal year.

Next Hydrogen Solutions Company Profile

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