Ballard Power Systems (TSE:BLDP) Trading Up 12.6% – Should You Buy?

Ballard Power Systems Inc. (TSE:BLDP)’s share price was up 12.6% during mid-day trading on Wednesday . The company traded as high as C$3.08 and last traded at C$3.03. Approximately 876,995 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 698,229 shares. The stock had previously closed at C$2.69.

Ballard Power Systems Stock Performance

The company has a current ratio of 8.33, a quick ratio of 13.57 and a debt-to-equity ratio of 3.72. The firm’s fifty day moving average is C$3.25 and its 200 day moving average is C$3.72. The company has a market cap of C$983.42 million, a PE ratio of -8.38, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.85.

Ballard Power Systems (TSE:BLDP) last posted its quarterly earnings data on Thursday, March 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. Ballard Power Systems had a negative net margin of 132.80% and a negative return on equity of 18.66%. The company had revenue of C$44.86 million for the quarter. As a group, 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.