Ballard Power Systems (TSE:BLDP) Shares Down 0.4% - Time to Sell?

Key Points

• Ballard Power Systems shares fell by 0.4% on Thursday, closing at C$2.63 after trading as low as C$2.54.
• The company has a high debt-to-equity ratio of 3.82 and a market cap of C$555.01 million, indicating potential financial risks.
• Ballard Power is a leading company in proton exchange membrane fuel cell technology, focusing on various applications including heavy-duty vehicles and stationary power generation.

Ballard Power Systems Inc. (TSE:BLDP - )'s stock price traded down 0.4% on Thursday . The company traded as low as C$2.54 and last traded at C$2.63. 380,475 shares traded hands during trading, a decline of 54% from the average session volume of 830,148 shares. The stock had previously closed at C$2.64.

Ballard Power Systems Trading Down 0.4%

The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57. The stock's 50-day moving average is C$2.45 and its two-hundred day moving average is C$2.04. The stock has a market cap of C$555.01 million, a P/E ratio of -1.69, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.72.

About Ballard Power Systems

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.

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