Ballard Power Systems (TSE:BLDP) Stock Price Down 0.8% - What's Next?

Key Points

• Ballard Power Systems (TSE:BLDP) saw a 0.8% decline in its stock price, trading between C$2.51 and C$2.56, with a significant decrease in trading volume of 41%.
• The company has a market capitalization of C$540.24 million and a notable debt-to-equity ratio of 3.82, indicating financial leverage concerns.
• Ballard specializes in the development and commercialization of proton exchange membrane fuel cell products for heavy-duty applications including bus, truck, rail, and stationary power generation.

Shares of Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) traded down 0.8% on Wednesday . The stock traded as low as C$2.51 and last traded at C$2.56. 501,976 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 855,957 shares. The stock had previously closed at C$2.58.

Ballard Power Systems Stock Down 2.0%

The firm's 50-day moving average is C$2.29 and its two-hundred day moving average is C$1.99. 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 stock has a market cap of C$525.47 million, a P/E ratio of -1.60, a PEG ratio of -2,030.00 and a beta of 1.72.

Ballard Power Systems Company Profile

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.