Ballard Power Systems (TSE:BLDP) Stock Price Down 17.6% – Time to Sell?

Ballard Power Systems Inc. (TSE:BLDP) shares dropped 17.6% during mid-day trading on Friday . The company traded as low as C$6.92 and last traded at C$6.96. Approximately 1,532,189 shares changed hands during trading, an increase of 39% from the average daily volume of 1,102,210 shares. The stock had previously closed at C$8.45.

Ballard Power Systems Price Performance

The stock has a market capitalization of C$2.05 billion, a PE ratio of -25.19, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64. 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 stock’s 50 day moving average price is C$5.37 and its 200-day moving average price is C$4.13.

Ballard Power Systems (TSE:BLDP) last issued its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$27.00 million for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. As a group, equities analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ltd. Weichai Power Co. sold 923,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$5.67, for a total transaction of C$5,233,410.00. Following the completion of the sale, the insider directly owned 34,999,826 shares of the company’s stock, valued at approximately C$198,449,013.42. The trade was a 2.57% decrease in their ownership of the stock. Also, 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 transaction of C$12,371,110.46. Following the sale, the insider directly owned 44,020,601 shares of the company’s stock, valued at C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock. Insiders have sold 9,912,997 shares of company stock valued at $57,484,765 over the last three months. 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.