Ballard Power Systems (TSE:BLDP) Insider Ltd. Weichai Power Co. Sells 2,399,353 Shares

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,399,353 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$5.74, for a total transaction of C$13,772,286.22. Following the completion of the sale, the insider owned 41,621,248 shares in the company, valued at approximately C$238,905,963.52. This trade represents a 5.45% decrease in their ownership of the stock.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.

Ballard Power Systems Trading Up 0.5%

BLDP stock traded up C$0.03 during midday trading on Tuesday, hitting C$5.73. 1,335,287 shares of the company’s stock were exchanged, compared to its average volume of 856,303. Ballard Power Systems Inc. has a one year low of C$1.70 and a one year high of C$6.62. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. The company has a market cap of C$1.73 billion, a PE ratio of -21.22, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64. The stock’s fifty day moving average price is C$3.84 and its 200-day moving average price is C$3.80.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS 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 for the quarter. Research analysts predict that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.

Ballard Power Systems Company Profile

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.