Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as C$1.96 and last traded at C$1.97, with a volume of 814,320 shares trading hands. The stock had previously closed at C$2.21.
Analysts Set New Price Targets
Separately, National Bank Financial cut their target price on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$4.50.
Read Our Latest Analysis on BLDP
Ballard Power Systems Stock Performance
The company has a debt-to-equity ratio of 3.52, a quick ratio of 13.57 and a current ratio of 11.19. The company has a 50 day moving average price of C$2.75 and a 200 day moving average price of C$3.97. The company has a market capitalization of C$719.74 million, a price-to-earnings ratio of -7.88, a P/E/G ratio of -2,030.00 and a beta of 1.03.
Ballard Power Systems Company Profile
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.
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