Ballard Power Systems (TSE:BLDP) Trading Up 0.5% – Here’s Why

Ballard Power Systems Inc. (TSE:BLDPGet Free Report)’s share price shot up 0.5% during mid-day trading on Friday . The company traded as high as C$2.00 and last traded at C$1.98. 503,239 shares were traded during trading, a decline of 49% from the average session volume of 984,575 shares. The stock had previously closed at C$1.97.

Ballard Power Systems Stock Performance

The company has a quick ratio of 13.57, a current ratio of 10.90 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of C$592.83 million, a P/E ratio of -2.79, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.72. The company’s 50 day moving average is C$2.28 and its 200-day moving average is C$2.34.

Ballard Power Systems Company Profile

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Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.

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