Limited Weichai Power Hong Kong International Development Co. Sells 2,111,111 Shares of Ballard Power Systems (TSE:BLDP) Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the sale, the insider directly owned 44,020,601 shares in the company, valued at C$257,960,721.86. The trade was a 4.58% decrease in their ownership of the stock.

Ballard Power Systems Trading Up 0.5%

Shares of TSE BLDP traded up C$0.03 during midday trading on Monday, hitting C$5.70. The company’s stock had a trading volume of 1,099,442 shares, compared to its average volume of 851,666. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The business’s 50 day moving average is C$3.73 and its two-hundred day moving average is C$3.79. Ballard Power Systems Inc. has a 12-month low of C$1.70 and a 12-month high of C$6.62. The firm has a market cap of C$1.72 billion, a P/E ratio of -21.11, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. Ballard Power Systems had a negative return on equity of 13.50% and a negative net margin of 78.28%.The business had revenue of C$27.00 million during the quarter. As a group, equities research analysts expect 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.