Ballard Power Systems (TSE:BLDP) Reaches New 12-Month Low – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDP) shares hit a new 52-week low on Monday. The company traded as low as C$2.01 and last traded at C$2.03, with a volume of 657,601 shares trading hands. The stock had previously closed at C$2.07.

Analyst Upgrades and Downgrades

Separately, National Bank Financial dropped their price objective on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$4.50.

Ballard Power Systems Price Performance

The company has a debt-to-equity ratio of 3.52, a quick ratio of 13.57 and a current ratio of 11.19. The company has a market capitalization of C$779.42 million, a PE ratio of -8.54, a P/E/G ratio of -2,030.00 and a beta of 1.03. The company’s 50-day simple moving average is C$2.88 and its 200-day simple moving average is C$4.02.

Ballard Power Systems (TSE:BLDP) last announced its earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. The business had revenue of C$29.27 million during the quarter. As a group, sell-side analysts anticipate that Ballard Power Systems Inc. will post -0.67 earnings per share for the current 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.