Ballard Power Systems (TSE:BLDP) Sets New 52-Week High – Still a Buy?

Ballard Power Systems Inc. (TSE:BLDP) shares reached a new 52-week high on Wednesday . The stock traded as high as C$6.46 and last traded at C$6.42, with a volume of 1711168 shares traded. The stock had previously closed at C$5.90.

Ballard Power Systems Stock Performance

The company has a market cap of C$1.97 billion, a price-to-earnings ratio of -21.77, a P/E/G ratio of -2,030.00 and a beta of 0.64. The company has a debt-to-equity ratio of 3.75, a current ratio of 9.86 and a quick ratio of 13.57. The firm has a fifty day simple moving average of C$3.59 and a 200 day simple moving average of C$3.77.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. Ballard Power Systems had a negative return on equity of 14.67% and a negative net margin of 91.29%.The firm had revenue of C$27.00 million during the quarter. On average, sell-side analysts expect that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.

Ballard Power Systems Company Profile

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.