Ballard Power Systems (TSE:BLDP) Trading Up 14.6% – What’s Next?

Shares of Ballard Power Systems Inc. (TSE:BLDP) were up 14.6% during mid-day trading on Wednesday . The company traded as high as C$4.86 and last traded at C$4.86. Approximately 553,735 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 735,847 shares. The stock had previously closed at C$4.24.

Ballard Power Systems Trading Down 3.3%

The company has a current ratio of 9.86, a quick ratio of 13.57 and a debt-to-equity ratio of 3.75. The company has a market cap of C$1.39 billion, a PE ratio of -15.40, a P/E/G ratio of -2,030.00 and a beta of 0.41. The business’s 50-day simple moving average is C$3.38 and its 200-day simple moving average is C$3.81.

Ballard Power Systems (TSE:BLDP) last released its earnings results on Thursday, March 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. Ballard Power Systems had a negative return on equity of 14.67% and a negative net margin of 91.29%.The company had revenue of C$44.86 million during the quarter. As a group, analysts expect 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.