Lake Street Capital lowered shares of Ballard Power Systems (NASDAQ:BLDP - Free Report) TSE: BLD from a buy rating to a hold rating in a report published on Monday, MarketBeat.com reports.
A number of other equities analysts also recently weighed in on BLDP. UBS Group dropped 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 note on Monday, May 12th. National Bank Financial raised shares of Ballard Power Systems to a "hold" rating in a report on Sunday, June 8th. Citigroup reaffirmed a "sell" rating and set a $1.00 price objective (down previously from $1.50) on shares of Ballard Power Systems in a report on Thursday, April 17th. Susquehanna increased their price objective on Ballard Power Systems from $1.30 to $2.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, Ballard Power Systems has a consensus rating of "Hold" and a consensus target price of $2.19.
Read Our Latest Report on BLDP
Ballard Power Systems Price Performance
BLDP traded up $0.11 during trading on Monday, hitting $1.84. The company's stock had a trading volume of 2,207,732 shares, compared to its average volume of 8,835,688. The company has a quick ratio of 8.13, a current ratio of 9.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $550.26 million, a price-to-earnings ratio of -1.85 and a beta of 1.76. The firm's 50 day moving average price is $1.74 and its two-hundred day moving average price is $1.44. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.28.
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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $17.98 million during the quarter, compared to analyst estimates of $17.94 million. Ballard Power Systems had a negative return on equity of 21.16% and a negative net margin of 409.35%. Sell-side analysts forecast that Ballard Power Systems will post -0.54 earnings per share for the current fiscal year.
Institutional Trading of Ballard Power Systems
A number of hedge funds have recently modified their holdings of BLDP. 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 valued at $48,000 after purchasing an additional 5,482 shares during the period. Alps Advisors Inc. boosted its position in shares of Ballard Power Systems by 2.1% during the first quarter. Alps Advisors Inc. now owns 396,822 shares of the technology company's stock worth $437,000 after purchasing an additional 8,265 shares in the last quarter. Amundi grew its holdings in shares of Ballard Power Systems by 16.1% in the 1st quarter. Amundi now owns 68,140 shares of the technology company's stock valued at $74,000 after buying an additional 9,454 shares during the period. Mackenzie Financial Corp increased its position in shares of Ballard Power Systems by 8.5% in the 1st quarter. Mackenzie Financial Corp now owns 122,914 shares of the technology company's stock valued at $136,000 after buying an additional 9,626 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Ballard Power Systems by 125.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 23,553 shares of the technology company's stock worth $37,000 after buying an additional 13,094 shares during the period. 28.02% of the stock is currently owned by institutional investors and hedge funds.
About Ballard Power Systems
(
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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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