Ballard Power Systems (TSE:BLDP) Shares Down 11.2% – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDPGet Free Report) fell 11.2% during mid-day trading on Tuesday . The stock traded as low as C$2.13 and last traded at C$2.14. 793,991 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 907,031 shares. The stock had previously closed at C$2.41.

Ballard Power Systems Trading Down 9.5%

The company has a debt-to-equity ratio of 3.82, a quick ratio of 13.57 and a current ratio of 9.01. The firm has a market capitalization of C$460.05 million, a P/E ratio of -1.40, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.72. The firm has a 50 day moving average price of C$1.83 and a two-hundred day moving average price of C$1.98.

Ballard Power Systems Company Profile

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Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company’s principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.

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