Ballard Power Systems (TSE:BLDP) Stock Price Down 3.8% – Should You Sell?

Ballard Power Systems Inc. (TSE:BLDP)’s stock price traded down 3.8% during mid-day trading on Thursday. The company traded as low as C$2.73 and last traded at C$2.75. 994,006 shares changed hands during trading, a decline of 6% from the average session volume of 1,056,744 shares. The stock had previously closed at C$2.86.

Wall Street Analyst Weigh In

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

Ballard Power Systems Price Performance

The stock has a market cap of C$954.97 million, a price-to-earnings ratio of -10.46, a P/E/G ratio of -2,030.00 and a beta of 1.03. The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52. The company’s fifty day moving average is C$3.21 and its two-hundred day moving average is C$4.49.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%. The firm had revenue of C$29.27 million for the quarter. As a group, research analysts predict that Ballard Power Systems Inc. will post -0.67 earnings per share 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.