Ballard Power Systems (TSE:BLDP) Shares Up 0.2% – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDP)’s stock price rose 0.2% on Friday . The stock traded as high as C$5.25 and last traded at C$5.15. 802,521 shares were traded during trading, a decline of 30% from the average session volume of 1,148,370 shares. The stock had previously closed at C$5.14.

Ballard Power Systems Price Performance

The company has a 50 day moving average price of C$6.15 and a 200-day moving average price of C$4.37. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of -19.07, a P/E/G ratio of -2,030.00 and a beta of 0.82.

Ballard Power Systems (TSE:BLDP) last posted its 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. As a group, equities research analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Insider Buying and Selling at Ballard Power Systems

In related news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the sale, the insider owned 44,020,601 shares of the company’s stock, valued at C$257,960,721.86. The trade was a 4.58% decrease in their ownership of the stock. Also, insider Ltd. Weichai Power Co. sold 2,399,353 shares of the business’s 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 directly owned 41,621,248 shares in the company, valued at approximately C$238,905,963.52. This represents a 5.45% decrease in their position. Insiders have sold 9,912,997 shares of company stock valued at $57,484,765 in the last ninety days. Insiders own 15.53% of the company’s stock.

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.