Ballard Power Systems (NASDAQ:BLDP) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Ballard Power Systems shares have recently crossed above their 200-day moving average, trading at $2.03 after hitting a high of $2.06.
• Despite an upward movement in stock price, multiple analysts have given Ballard Power Systems a "neutral" rating, with target prices ranging from $1.40 to $2.00.
• The company's most recent earnings report showed an EPS of ($0.08), surpassing expectations, but it still has a negative net margin of 409.35%.

Shares of 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 $1.49 and traded as high as $2.06. Ballard Power Systems shares last traded at $2.03, with a volume of 1,914,294 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on BLDP. Lake Street Capital downgraded shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 11th. Susquehanna increased their target price on shares of Ballard Power Systems from $1.30 to $2.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. BMO Capital Markets increased their target price on shares of Ballard Power Systems from $1.00 to $1.10 and gave the stock an "underperform" rating in a research report on Tuesday, August 12th. UBS Group cut their target price on shares of Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating for the company in a research report on Monday, May 12th. Finally, Roth Capital raised their price target on shares of Ballard Power Systems from $1.25 to $1.80 and gave the company a "neutral" rating in a report on Monday, August 11th. Eleven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $1.51.

Ballard Power Systems Trading Down 0.5%

The company has a current ratio of 9.31, a quick ratio of 8.32 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $1.84 and its 200-day moving average is $1.50. The firm has a market capitalization of $607.17 million, a P/E ratio of -2.04 and a beta of 1.73.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last announced its earnings results on Monday, August 11th. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $17.98 million for the quarter, compared to the consensus estimate of $17.94 million. Ballard Power Systems had a negative net margin of 409.35% and a negative return on equity of 21.52%. As a group, sell-side analysts anticipate that Ballard Power Systems, Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLDP. Raymond James Financial Inc. bought a new position in Ballard Power Systems in the 4th quarter worth $27,000. Cubist Systematic Strategies LLC bought a new position in Ballard Power Systems in the 4th quarter worth $101,000. Graham Capital Management L.P. raised its holdings in Ballard Power Systems by 61.0% in the 4th quarter. Graham Capital Management L.P. now owns 325,905 shares of the technology company's stock worth $541,000 after acquiring an additional 123,491 shares during the period. Millennium Management LLC raised its holdings in Ballard Power Systems by 79.9% in the 4th quarter. Millennium Management LLC now owns 2,652,624 shares of the technology company's stock worth $4,404,000 after acquiring an additional 1,177,718 shares during the period. Finally, Maven Securities LTD bought a new position in Ballard Power Systems in the 4th quarter worth $249,000. Institutional investors own 28.02% of the company's stock.

Ballard Power Systems Company Profile

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.