Ballard Power Systems (TSE:BLDP) Stock Price Up 10.7% – Here’s What Happened

Shares of Ballard Power Systems Inc. (TSE:BLDP) were up 10.7% on Tuesday . The stock traded as high as C$4.99 and last traded at C$4.97. Approximately 572,370 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 748,294 shares. The stock had previously closed at C$4.49.

Ballard Power Systems Price 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 company has a 50-day simple moving average of C$3.53 and a 200-day simple moving average of C$3.77. The company has a market cap of C$1.60 billion, a price-to-earnings ratio of -17.73, a PEG ratio of -2,030.00 and a beta of 0.41.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative net margin of 91.29% and a negative return on equity of 14.67%. As a group, research analysts predict that Ballard Power Systems Inc. will post -0.67 earnings per share for the current 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.