Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.40 and traded as high as $1.79. Ballard Power Systems shares last traded at $1.75, with a volume of 8,645,218 shares changing hands.
Wall Street Analysts Forecast Growth
BLDP has been the subject of several recent research reports. Roth Mkm lowered their price target on Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets lowered their price target on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating for the company in a report on Friday, March 14th. HSBC lowered their price target on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a report on Friday, March 14th. UBS Group lowered their price target on Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating for the company in a report on Monday, May 12th. Finally, Susquehanna lowered their target price on Ballard Power Systems from $1.40 to $1.30 and set a "neutral" rating for the company in a research note on Monday, April 14th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $2.09.
Check Out Our Latest Analysis on BLDP
Ballard Power Systems Stock Up 4.6%
The company has a debt-to-equity ratio of 0.03, a current ratio of 9.00 and a quick ratio of 8.13. The firm's 50-day moving average price is $1.44 and its 200 day moving average price is $1.40. The firm has a market cap of $523.84 million, a P/E ratio of -1.71 and a beta of 1.71.
Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. Ballard Power Systems had a negative net margin of 430.17% and a negative return on equity of 20.41%. The business had revenue of $14.76 million for the quarter, compared to analysts' expectations of $16.82 million. On average, equities research analysts expect that Ballard Power Systems, Inc. will post -0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ballard Power Systems
A number of large investors have recently bought and sold shares of BLDP. Raymond James Financial Inc. bought a new position in Ballard Power Systems in the fourth quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ballard Power Systems by 16.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 980,067 shares of the technology company's stock worth $1,629,000 after acquiring an additional 134,991 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ballard Power Systems by 71.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company's stock worth $1,695,000 after acquiring an additional 425,374 shares during the last quarter. National Bank of Canada FI lifted its holdings in Ballard Power Systems by 14.7% in the fourth quarter. National Bank of Canada FI now owns 72,342 shares of the technology company's stock worth $120,000 after acquiring an additional 9,287 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Ballard Power Systems in the fourth quarter worth about $52,000. Institutional investors own 28.02% of the company's stock.
About Ballard Power Systems
(
Get Free Report)
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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