Ballard Power Systems (TSE:BLDP) Shares Up 0.9% – Time to Buy?

Ballard Power Systems Inc. (TSE:BLDPGet Free Report)’s share price shot up 0.9% on Thursday . The company traded as high as C$2.39 and last traded at C$2.35. 646,712 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 1,364,353 shares. The stock had previously closed at C$2.33.

Ballard Power Systems Price Performance

The stock has a 50-day moving average price of C$2.24 and a 200 day moving average price of C$2.46. The company has a debt-to-equity ratio of 3.04, a current ratio of 10.90 and a quick ratio of 13.57. The firm has a market cap of C$688.64 million, a price-to-earnings ratio of -3.24, a PEG ratio of -2,030.00 and a beta of 1.72.

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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