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

Ballard Power Systems Inc. (TSE:BLDP)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$6.46 and last traded at C$6.42, with a volume of 1711168 shares. The stock had previously closed at C$5.90.

Ballard Power Systems Stock Performance

The stock has a market cap of C$1.97 billion, a P/E ratio of -21.77, a P/E/G ratio of -2,030.00 and a beta of 0.64. The firm has a 50 day moving average of C$3.59 and a two-hundred day moving average of C$3.77. The company has a debt-to-equity ratio of 3.75, a quick ratio of 13.57 and a current ratio of 9.86.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. Ballard Power Systems had a negative return on equity of 14.67% and a negative net margin of 91.29%.The business had revenue of C$27.00 million during the quarter. On average, research analysts predict 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.