Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The company traded as low as C$1.87 and last traded at C$1.97, with a volume of 1,398,093 shares. The stock had previously closed at C$1.99.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial decreased their price target 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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$4.50.
Check Out Our Latest Stock Analysis on Ballard Power Systems
Ballard Power Systems Price Performance
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 has a market capitalization of C$691.65 million, a PE ratio of -7.58, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.90. The stock’s 50-day moving average is C$2.62 and its two-hundred day moving average is C$3.92.
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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