Ballard Power Systems (TSE:BLDP) Trading Up 10.7% – Here’s Why

Ballard Power Systems Inc. (TSE:BLDP) shares were up 10.7% during mid-day trading on Tuesday . The stock traded as high as C$4.99 and last traded at C$4.97. Approximately 572,370 shares changed hands during 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 Trading Down 1.8%

The firm has a 50-day moving average of C$3.73 and a 200-day moving average of C$3.79. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. The firm has a market capitalization of C$1.93 billion, a P/E ratio of -21.37, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative return on equity of 13.50% and a negative net margin of 78.52%. On average, equities research analysts anticipate that Ballard Power Systems Inc. will post -0.67 EPS 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.