Ballard Power Systems (TSE:BLDP) Trading Down 0.4% - Here's Why

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 - Get Free Report) dropped 0.4% during trading on Thursday . The company traded as low as C$2.54 and last traded at C$2.63. Approximately 380,475 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 830,148 shares. The stock had previously closed at C$2.64.

Ballard Power Systems Stock Down 2.4%

The business has a 50 day simple moving average of C$2.50 and a 200 day simple moving average of C$2.06. 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 has a market cap of C$588.78 million, a PE ratio of -1.79, a P/E/G 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.