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Ballard Power Systems (TSE:BLDP) Shares Down 0.8% - Here's What Happened

Ballard Power Systems logo with Industrials background

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.
  • MarketBeat previews the top five stocks to own by September 1st.

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

Ballard Power Systems Stock Performance

The stock has a 50-day moving average of C$2.28 and a 200 day moving average of C$1.99. The firm has a market capitalization of C$525.47 million, a P/E ratio of -1.60, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.72. The company has a debt-to-equity ratio of 3.82, a quick ratio of 13.57 and a current ratio of 9.01.

Ballard Power Systems Company Profile

(Get Free Report)

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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