Ballard Power Systems (TSE:BLDP) Trading Up 14.6% – Should You Buy?

Ballard Power Systems Inc. (TSE:BLDP)’s share price rose 14.6% during mid-day trading on Wednesday . The company traded as high as C$4.86 and last traded at C$4.86. Approximately 553,735 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 735,847 shares. The stock had previously closed at C$4.24.

Ballard Power Systems Stock Performance

The company has a debt-to-equity ratio of 3.75, a quick ratio of 13.57 and a current ratio of 9.86. The firm’s 50 day simple moving average is C$3.30 and its 200-day simple moving average is C$3.79. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of -16.03, a PEG ratio of -2,030.00 and a beta of 0.41.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings data on Thursday, March 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts predict that Ballard Power Systems Inc. will post -0.67 EPS 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.