Ballard Power Systems (TSE:BLDP) Sets New 1-Year Low – Here’s Why

Shares of Ballard Power Systems Inc. (TSE:BLDP) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$2.50 and last traded at C$2.52, with a volume of 609,803 shares trading hands. The stock had previously closed at C$2.72.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial reduced their target price on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$4.50.

Ballard Power Systems Price Performance

The stock has a 50 day moving average of C$3.14 and a two-hundred day moving average of C$4.47. 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 firm has a market capitalization of C$825.06 million, a P/E ratio of -9.04, a P/E/G ratio of -2,030.00 and a beta of 1.03.

Ballard Power Systems (TSE:BLDP) last released its quarterly 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 firm had revenue of C$29.27 million during the quarter. Sell-side analysts predict 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.