Ballard Power Systems (TSE:BLDP) Shares Down 3% – What’s Next?

Ballard Power Systems Inc. (TSE:BLDP)’s stock price dropped 3% during mid-day trading on Monday . The stock traded as low as C$3.49 and last traded at C$3.52. Approximately 679,919 shares were traded during trading, a decline of 21% from the average daily volume of 863,972 shares. The stock had previously closed at C$3.63.

Ballard Power Systems Stock Performance

The business has a 50-day simple moving average of C$3.76 and a 200 day simple moving average of C$3.65. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57. The firm has a market cap of C$1.06 billion, a PE ratio of -9.03, a PEG ratio of -2,030.00 and a beta of 1.59.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.09) earnings per share (EPS) for the quarter. The company had revenue of C$45.26 million for the quarter. Ballard Power Systems had a negative net margin of 360.17% and a negative return on equity of 36.72%. Equities research analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current 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.