Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.50.
BLDP has been the topic of several research analyst reports. Lake Street Capital boosted their price target on shares of Ballard Power Systems from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Friday, November 1st. BidaskClub upgraded shares of Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. ValuEngine cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Finally, HC Wainwright reiterated a “hold” rating on shares of Ballard Power Systems in a report on Tuesday, December 17th.
Shares of NASDAQ BLDP traded down $0.19 during trading on Friday, hitting $7.81. The company had a trading volume of 1,984,644 shares, compared to its average volume of 2,521,350. The business’s 50-day moving average is $6.75 and its 200 day moving average is $5.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.32 and a current ratio of 3.91. Ballard Power Systems has a 52 week low of $2.77 and a 52 week high of $8.02. The company has a market cap of $1.87 billion, a P/E ratio of -60.08 and a beta of 1.88.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its earnings results on Wednesday, October 30th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ballard Power Systems had a negative net margin of 43.31% and a negative return on equity of 12.74%. The firm had revenue of $24.79 million for the quarter, compared to analyst estimates of $25.60 million. On average, research analysts expect that Ballard Power Systems will post -0.16 EPS for the current year.
A number of large investors have recently modified their holdings of BLDP. Invesco Ltd. boosted its holdings in Ballard Power Systems by 13.4% in the second quarter. Invesco Ltd. now owns 1,312,682 shares of the technology company’s stock worth $5,356,000 after purchasing an additional 155,281 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Ballard Power Systems by 100.1% in the second quarter. Alps Advisors Inc. now owns 252,543 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 126,321 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Ballard Power Systems by 32.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 415,907 shares of the technology company’s stock worth $2,034,000 after purchasing an additional 101,320 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Ballard Power Systems in the third quarter worth $467,000. Finally, H2O AM LLP bought a new stake in Ballard Power Systems in the second quarter worth $286,000. Hedge funds and other institutional investors own 4.35% of the company’s stock.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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