Ballard Power Systems Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD saw unusually-strong trading volume on Tuesday . Approximately 6,714,604 shares traded hands during trading, an increase of 98% from the previous session's volume of 3,384,746 shares.The stock last traded at $1.68 and had previously closed at $1.67.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. HSBC downgraded Ballard Power Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Cormark restated a "market perform" rating on shares of Ballard Power Systems in a research note on Monday, September 16th. Susquehanna lowered their price objective on Ballard Power Systems from $2.00 to $1.50 and set a "neutral" rating for the company in a research report on Wednesday, October 16th. Hsbc Global Res lowered Ballard Power Systems from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Citigroup decreased their price target on Ballard Power Systems from $3.50 to $2.00 and set a "neutral" rating for the company in a report on Monday, September 30th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $2.77.
Get Our Latest Stock Report on BLDP
Ballard Power Systems Price Performance
The company has a fifty day simple moving average of $1.52 and a 200-day simple moving average of $1.83. The company has a market cap of $497.04 million, a P/E ratio of -1.51 and a beta of 1.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19.
Institutional Trading of Ballard Power Systems
Several hedge funds and other institutional investors have recently modified their holdings of the business. First Commonwealth Financial Corp PA bought a new position in shares of Ballard Power Systems during the 3rd quarter valued at $27,000. Scientech Research LLC bought a new stake in shares of Ballard Power Systems during the second quarter valued at approximately $52,000. Daiwa Securities Group Inc. raised its position in Ballard Power Systems by 149.7% in the second quarter. Daiwa Securities Group Inc. now owns 24,047 shares of the technology company's stock worth $54,000 after purchasing an additional 14,415 shares in the last quarter. Toronto Dominion Bank boosted its stake in Ballard Power Systems by 300.0% in the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company's stock valued at $50,000 after buying an additional 20,949 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Ballard Power Systems in the 2nd quarter valued at $79,000. Institutional investors and hedge funds own 28.02% of the company's stock.
About Ballard Power Systems
(
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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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