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

Ballard Power Systems logo with Industrials background

Shares of Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) were down 3% during trading 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 stock has a 50-day simple moving average of C$1.72 and a 200 day simple moving average of C$1.97. The company has a debt-to-equity ratio of 3.82, a quick ratio of 13.57 and a current ratio of 9.01. The company has a market cap of C$381.97 million, a P/E ratio of -1.16, a P/E/G ratio of -2,030.00 and a beta of 1.72.

About Ballard Power Systems

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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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