Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$2.13 and last traded at C$2.15, with a volume of 412,415 shares. The stock had previously closed at C$2.24.
Analyst Upgrades and Downgrades
Separately, National Bank Financial dropped their target price on shares of Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$4.50.
Check Out Our Latest Research Report on BLDP
Ballard Power Systems Stock Performance
The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52. The company has a market cap of C$747.82 million, a P/E ratio of -8.19, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.03. The company has a 50 day moving average price of C$3.09 and a 200-day moving average price of C$4.46.
Ballard Power Systems (TSE:BLDP – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported C($0.10) earnings per share for the quarter. The business had revenue of C$29.27 million for the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%. On average, equities analysts expect that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.
About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.
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