Ballard Power Systems (TSE:BLDP) Shares Down 3% - Here's What Happened

Ballard Power Systems Inc. (TSE:BLDP - Get Free Report)'s share price dropped 3% on Tuesday . The company traded as low as C$1.91 and last traded at C$1.91. Approximately 501,430 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 792,161 shares. The stock had previously closed at C$1.97.

Ballard Power Systems Price Performance

The company has a current ratio of 9.01, a quick ratio of 13.57 and a debt-to-equity ratio of 3.82. The company has a market capitalization of C$384.08 million, a PE ratio of -1.17, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.72. The stock's 50-day moving average is C$1.72 and its two-hundred day moving average is C$1.97.

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.