Ballard Power Systems (NASDAQ:BLDP) Shares Down 4.3% - Should You Sell?

Key Points

• The stock price of Ballard Power Systems (NASDAQ:BLDP) fell by 4.3% during mid-day trading, reaching $1.92, with an unusually low trading volume of approximately 554,103 shares.
• Research reports indicate a mixed outlook, with five analysts rating the stock as a sell and eleven giving it a hold rating, leading to a consensus rating of "Hold" with an average price target of $1.51.
• Ballard Power Systems reported an earnings per share of ($0.08) for the last quarter, exceeding analysts' expectations, while also indicating a negative net margin of 409.35%.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD shares dropped 4.3% during trading on Monday . The stock traded as low as $1.91 and last traded at $1.92. Approximately 554,103 shares changed hands during trading, a decline of 94% from the average daily volume of 8,756,285 shares. The stock had previously closed at $2.00.

Analyst Upgrades and Downgrades

BLDP has been the topic of several research analyst reports. National Bank Financial raised Ballard Power Systems to a "hold" rating in a research report on Sunday, June 8th. UBS Group cut their price target on Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Susquehanna lifted their price target on 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 lifted their price target on Ballard Power Systems from $1.00 to $1.10 and gave the stock an "underperform" rating in a research report on Tuesday, August 12th. Finally, Lake Street Capital lowered Ballard Power Systems from a "buy" rating to a "hold" rating in a report on Monday, August 11th. Eleven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $1.51.

Ballard Power Systems Stock Performance

The firm has a market cap of $566.75 million, a price-to-earnings ratio of -1.91 and a beta of 1.76. The company has a quick ratio of 8.32, a current ratio of 9.31 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $1.79 and a 200-day moving average price of $1.47.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its earnings results on Monday, August 11th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. Ballard Power Systems had a negative return on equity of 21.52% and a negative net margin of 409.35%.The business had revenue of $17.98 million for the quarter, compared to analyst estimates of $17.94 million. On average, analysts expect that Ballard Power Systems, Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BLDP. Raymond James Financial Inc. acquired a new position in Ballard Power Systems during the fourth quarter worth $27,000. SBI Securities Co. Ltd. grew its holdings in Ballard Power Systems by 125.2% during the second quarter. SBI Securities Co. Ltd. now owns 23,553 shares of the technology company's stock worth $37,000 after acquiring an additional 13,094 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Ballard Power Systems during the first quarter worth $40,000. Vanguard Personalized Indexing Management LLC grew its holdings in Ballard Power Systems by 21.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,459 shares of the technology company's stock worth $48,000 after acquiring an additional 5,482 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Ballard Power Systems by 108.8% during the second quarter. Daiwa Securities Group Inc. now owns 36,792 shares of the technology company's stock worth $58,000 after acquiring an additional 19,170 shares during the period. Institutional investors and hedge funds 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.