Ballard Power Systems (TSE:BLDP) Sets New 52-Week Low – Time to Sell?

Ballard Power Systems Inc. (TSE:BLDP) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$2.50 and last traded at C$2.52, with a volume of 609,803 shares traded. The stock had previously closed at C$2.72.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their target price on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$4.50.

Ballard Power Systems Price Performance

The company has a quick ratio of 13.57, a current ratio of 11.19 and a debt-to-equity ratio of 3.52. The company has a market capitalization of C$884.75 million, a P/E ratio of -9.69, a PEG ratio of -2,030.00 and a beta of 1.03. The business has a 50 day simple moving average of C$3.19 and a 200-day simple moving average of C$4.49.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%. The firm had revenue of C$29.27 million for the quarter. Analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.