Next Hydrogen Solutions (CVE:NXH) Sets New 12-Month Low – Time to Sell?

Next Hydrogen Solutions Inc. (CVE:NXH) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.37 and last traded at C$0.37, with a volume of 4500 shares trading hands. The stock had previously closed at C$0.43.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on shares of Next Hydrogen Solutions from C$0.75 to C$0.50 and set a “hold” rating for the company in a research report on Friday, August 16th.

Next Hydrogen Solutions Stock Down 12.9 %

The firm has a market cap of C$8.47 million, a P/E ratio of -0.76 and a beta of 0.26. The company has a debt-to-equity ratio of 31.25, a quick ratio of 4.66 and a current ratio of 2.01. The firm’s fifty day moving average is C$0.47 and its 200 day moving average is C$0.58.

Next Hydrogen Solutions (CVE:NXH) last announced its earnings results on Thursday, August 15th. The company reported C($0.17) EPS for the quarter. The company had revenue of C$0.55 million for the quarter. As a group, equities research analysts anticipate 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.