Ballard Power Systems (TSE:BLDP) Trading 0.6% Higher – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDP) shot up 0.6% during trading on Wednesday . The company traded as high as C$3.42 and last traded at C$3.37. 247,672 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 748,924 shares. The stock had previously closed at C$3.35.

Ballard Power Systems Stock Performance

The company has a debt-to-equity ratio of 3.75, a quick ratio of 13.57 and a current ratio of 9.86. The firm’s 50 day simple moving average is C$3.14 and its 200 day simple moving average is C$3.80. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -11.23, a PEG ratio of -2,030.00 and a beta of 0.85.

Ballard Power Systems (TSE:BLDP) last issued its earnings results on Thursday, March 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$44.86 million for the quarter. Ballard Power Systems had a negative return on equity of 14.67% and a negative net margin of 91.29%. Sell-side analysts forecast 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.