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 firm’s stock in a transaction 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 completion of the transaction, the insider owned 44,020,601 shares of the company’s stock, valued at C$257,960,721.86. This trade represents a 4.58% decrease in their position.

Ballard Power Systems Stock Performance

Shares of TSE BLDP traded up C$0.03 during trading on Monday, reaching C$5.70. 1,099,442 shares of the company traded hands, compared to its average volume of 851,666. The firm’s fifty day simple moving average is C$3.73 and its 200 day simple moving average is C$3.79. The stock has a market cap of C$1.72 billion, a P/E ratio of -21.11, a PEG ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a 12-month low of C$1.70 and a 12-month high of C$6.62. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62.

Ballard Power Systems (TSE:BLDP) last announced 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 net margin of 78.28% and a negative return on equity of 13.50%. The business had revenue of C$27.00 million during the quarter. As a group, research analysts anticipate that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal 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.