Ballard Power Systems (TSE:BLDP) Reaches New 52-Week Low – Here’s Why

Shares of Ballard Power Systems Inc. (TSE:BLDP) reached a new 52-week low during trading on Monday. The stock traded as low as C$2.13 and last traded at C$2.15, with a volume of 412,415 shares trading hands. The stock had previously closed at C$2.24.

Analysts Set New Price Targets

Separately, National Bank Financial dropped their price objective on shares of Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Ballard Power Systems presently has an average rating of “Hold” and an average price target of C$4.50.

Ballard Power Systems Stock Down 4.9%

The stock has a 50-day moving average of C$3.09 and a 200-day moving average of C$4.46. 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 firm has a market cap of C$747.82 million, a price-to-earnings ratio of -8.19, a P/E/G ratio of -2,030.00 and a beta of 1.03.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings data on Friday, July 31st. The company reported C($0.10) earnings per share for the quarter. The company 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%. Sell-side analysts predict 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.