Ballard Power Systems (TSE:BLDP) Hits New 12-Month Low – What’s Next?

Ballard Power Systems Inc. (TSE:BLDP)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$2.13 and last traded at C$2.15, with a volume of 412,415 shares traded. The stock had previously closed at C$2.24.

Wall Street Analyst Weigh In

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

Ballard Power Systems Stock Performance

The company’s fifty day moving average price is C$3.03 and its 200 day moving average price is C$4.44. The company has a market cap of C$747.82 million, a PE ratio of -8.19, a P/E/G ratio of -2,030.00 and a beta of 1.03. The company has a debt-to-equity ratio of 3.52, a current ratio of 11.19 and a quick ratio of 13.57.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Friday, July 31st. The company reported C($0.10) earnings per share for the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%. The firm had revenue of C$29.27 million for the quarter. On average, equities 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.