Ballard Power Systems (NASDAQ:BLDP) Shares Cross Above 200-Day Moving Average - Should You Sell?

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD's share price 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 trading hands.

Wall Street Analyst Weigh In

BLDP has been the topic of several recent research reports. UBS Group lowered their target price on shares of Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a research note on Monday, May 12th. BMO Capital Markets lowered their target price on shares of Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a research note on Friday, March 14th. National Bankshares lowered their target price on shares of Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating on the stock in a research note on Friday, March 14th. Raymond James Financial lowered their target price on shares of Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Finally, Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $2.09.

Ballard Power Systems Stock Performance

The stock has a market capitalization of $509.75 million, a PE ratio of -1.67 and a beta of 1.71. The firm's fifty day moving average is $1.45 and its 200-day moving average is $1.40. The company has a current ratio of 9.00, a quick ratio of 8.13 and a debt-to-equity ratio of 0.03.

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) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.05. The company had revenue of $14.76 million for the quarter, compared to analyst estimates of $16.82 million. Ballard Power Systems had a negative net margin of 430.17% and a negative return on equity of 20.41%. As a group, research analysts anticipate that Ballard Power Systems, Inc. will post -0.54 earnings per share for the current year.

Institutional Trading of Ballard Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of BLDP. Raymond James Financial Inc. purchased a new stake in Ballard Power Systems during the fourth quarter worth about $27,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Ballard Power Systems during the first quarter worth approximately $40,000. Headlands Technologies LLC purchased a new stake in shares of Ballard Power Systems during the fourth quarter worth approximately $52,000. Virtu Financial LLC purchased a new stake in shares of Ballard Power Systems during the first quarter worth approximately $69,000. Finally, Amundi increased its stake in shares of Ballard Power Systems by 16.1% during the first quarter. Amundi now owns 68,140 shares of the technology company's stock worth $74,000 after buying an additional 9,454 shares during the period. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

About Ballard Power Systems

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.