Ballard Power Systems (TSE:BLDP) Trading 4.5% Higher – Here’s Why

Ballard Power Systems Inc. (TSE:BLDPGet Free Report)’s share price was up 4.5% during trading on Thursday . The company traded as high as C$3.08 and last traded at C$3.05. 465,352 shares were traded during trading, a decline of 57% from the average session volume of 1,087,275 shares. The stock had previously closed at C$2.92.

Analyst Upgrades and Downgrades

Separately, National Bank Financial decreased their target price on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$4.50.

View Our Latest Analysis on BLDP

Ballard Power Systems Price Performance

The firm has a market cap of C$919.50 million, a PE ratio of -11.73, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.02. The stock’s fifty day moving average price is C$3.56 and its 200-day moving average price is C$4.51. The company has a debt-to-equity ratio of 3.52, a current ratio of 11.19 and a quick ratio of 13.57.

Ballard Power Systems (TSE:BLDPGet Free Report) last issued its earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. The business had revenue of C$29.27 million during the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. As a group, equities analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Insider Transactions at Ballard Power Systems

In other Ballard Power Systems news, insider Ltd. Weichai Power Co. sold 151,350 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$4.99, for a total value of C$755,236.50. Following the completion of the sale, the insider owned 30,951,476 shares in the company, valued at approximately C$154,447,865.24. This represents a 0.49% decrease in their position. Corporate insiders own 15.53% of the company’s stock.

About Ballard Power Systems

(Get Free Report)

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.

Further Reading

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