Ballard Power Systems (TSE:BLDP) Trading Up 4.2% – Time to Buy?

Ballard Power Systems Inc. (TSE:BLDP) shares were up 4.2% during mid-day trading on Friday . The stock traded as high as C$3.79 and last traded at C$3.74. Approximately 90,825 shares were traded during trading, a decline of 88% from the average daily volume of 735,219 shares. The stock had previously closed at C$3.59.

Ballard Power Systems Stock Up 6.3%

The company’s 50 day moving average price is C$3.15 and its two-hundred day moving average price is C$3.80. The company has a current ratio of 9.86, a quick ratio of 13.57 and a debt-to-equity ratio of 3.75. The stock has a market cap of C$1.17 billion, a P/E ratio of -12.93, a PEG ratio of -2,030.00 and a beta of 0.41.

Ballard Power Systems (TSE:BLDP) last posted its earnings results on Thursday, March 12th. The company reported C($0.08) earnings per share for the quarter. The business had revenue of C$44.86 million during the quarter. Ballard Power Systems had a negative net margin of 91.29% and a negative return on equity of 14.67%. Equities analysts forecast that Ballard Power Systems Inc. will post -0.67 earnings per share for the current 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.