Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s share price reached a new 52-week low on Thursday. The stock traded as low as C$1.96 and last traded at C$1.97, with a volume of 814,320 shares trading hands. The stock had previously closed at C$2.21.
Analyst Ratings Changes
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 report on Thursday, August 6th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$4.50.
Check Out Our Latest Analysis on Ballard Power Systems
Ballard Power Systems Stock Up 5.4%
The company has a market cap of C$758.36 million, a P/E ratio of -8.31, a P/E/G ratio of -2,030.00 and a beta of 0.90. The company has a quick ratio of 13.57, a current ratio of 11.19 and a debt-to-equity ratio of 3.52. The business’s 50 day moving average is C$2.70 and its 200 day moving average is C$3.95.
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.
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