National Bankshares Lowers Ballard Power Systems (NASDAQ:BLDP) Price Target to $2.00

Ballard Power Systems (NASDAQ:BLDP - Free Report) TSE: BLD had its target price reduced by National Bankshares from $2.60 to $2.00 in a research report report published on Friday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the technology company's stock.

Several other research firms also recently weighed in on BLDP. BMO Capital Markets dropped their target price on shares of Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating for the company in a report on Friday. HSBC dropped their target price on shares of Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a report on Friday. CIBC dropped their target price on shares of Ballard Power Systems from $1.40 to $1.20 and set an "underperformer" rating for the company in a report on Wednesday, December 4th. TD Cowen upgraded shares of Ballard Power Systems to a "strong sell" rating in a research note on Monday, January 13th. Finally, Roth Mkm dropped their price target on shares of Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating for the company in a research note on Friday. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Ballard Power Systems has an average rating of "Hold" and an average target price of $2.13.

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Ballard Power Systems Trading Down 0.7 %

Ballard Power Systems stock traded down $0.01 during trading on Friday, hitting $1.34. The company had a trading volume of 6,513,358 shares, compared to its average volume of 4,861,975. Ballard Power Systems has a 1-year low of $1.08 and a 1-year high of $3.38. The company has a current ratio of 9.01, a quick ratio of 8.19 and a debt-to-equity ratio of 0.03. The company's 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.54. The stock has a market cap of $401.25 million, a price-to-earnings ratio of -1.22 and a beta of 1.75.

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors have recently modified their holdings of the company. First Commonwealth Financial Corp PA purchased a new stake in shares of Ballard Power Systems during the 3rd quarter worth $27,000. Raymond James Financial Inc. purchased a new stake in shares of Ballard Power Systems during the 4th quarter worth $27,000. Toronto Dominion Bank lifted its position in shares of Ballard Power Systems by 300.0% during the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company's stock worth $50,000 after purchasing an additional 20,949 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ballard Power Systems during the 4th quarter worth $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Ballard Power Systems by 35.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock valued at $68,000 after acquiring an additional 10,767 shares during the last quarter. 28.02% of the stock is owned by hedge funds and other institutional investors.

About Ballard Power Systems

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.