Ballard Power Systems (TSE:BLDP) Shares Up 5.7% – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDP) was up 5.7% on Friday . The company traded as high as C$3.77 and last traded at C$3.70. Approximately 689,396 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 911,829 shares. The stock had previously closed at C$3.50.

Ballard Power Systems Trading Up 5.7%

The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57. The business’s 50 day simple moving average is C$4.09 and its 200 day simple moving average is C$3.46. The stock has a market cap of C$1.11 billion, a P/E ratio of -9.49, a PEG ratio of -2,030.00 and a beta of 1.80.

Ballard Power Systems (TSE:BLDP) last issued its earnings results on Thursday, November 13th. The company reported C($0.09) earnings per share (EPS) for the quarter. The company had revenue of C$45.26 million during the quarter. Ballard Power Systems had a negative return on equity of 36.72% and a negative net margin of 360.17%. On average, analysts expect that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.

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. Sales are concentrated in the U.S., Europe, and China.