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

Ballard Power Systems Inc. (TSE:BLDP)’s share price reached a new 52-week low during trading 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. The stock had previously closed at C$2.07.

Wall Street Analyst Weigh In

Separately, National Bank Financial dropped their price target on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average 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 current ratio of 11.19 and a quick ratio of 13.57. The stock has a market capitalization of C$709.20 million, a price-to-earnings ratio of -7.77, a PEG ratio of -2,030.00 and a beta of 1.03. The stock’s 50 day simple moving average is C$2.94 and its 200-day simple moving average is C$4.41.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings data on Friday, July 31st. The company reported C($0.10) earnings per share (EPS) for the quarter. The business had revenue of C$29.27 million during the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. On average, analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal 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.