Ballard Power Systems (BLDP) Stock Price Down 0%
Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) were down 0% on Friday . The company traded as low as $3.16 and last traded at $3.25. Approximately 4,454,200 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 2,538,768 shares. The stock had previously closed at $3.25.
A number of analysts have recently weighed in on BLDP shares. Zacks Investment Research upgraded Ballard Power Systems from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, February 1st. B. Riley set a $6.00 target price on Ballard Power Systems and gave the company a “buy” rating in a research note on Tuesday, November 14th. BidaskClub lowered Ballard Power Systems from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 18th. Roth Capital set a $5.00 target price on Ballard Power Systems and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, ValuEngine cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.88.
The company has a quick ratio of 2.17, a current ratio of 2.70 and a debt-to-equity ratio of 0.05.
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About Ballard Power Systems
Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.
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