TD Securities Trims Next Hydrogen Solutions (CVE:NXH) Target Price to C$0.80

Next Hydrogen Solutions (CVE:NXH) had its price target cut by TD Securities from C$1.05 to C$0.80 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 21.21% from the stock’s previous close.

Next Hydrogen Solutions Trading Up 6.5 %

CVE:NXH traded up C$0.04 on Monday, reaching C$0.66. 5,200 shares of the company’s stock were exchanged, compared to its average volume of 10,487. The company has a quick ratio of 4.66, a current ratio of 5.32 and a debt-to-equity ratio of 10.85. The firm has a market capitalization of C$15.11 million, a price-to-earnings ratio of -1.12 and a beta of 0.70. The business has a fifty day moving average of C$0.79 and a 200-day moving average of C$0.86. Next Hydrogen Solutions has a 52-week low of C$0.50 and a 52-week high of C$1.55.

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.