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

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$5.74, for a total value of C$13,772,286.22. Following the transaction, the insider owned 41,621,248 shares of the company’s stock, valued at C$238,905,963.52. This 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 value of C$12,371,110.46.

Ballard Power Systems Stock Performance

Shares of TSE:BLDP traded up C$0.03 on Tuesday, hitting C$5.73. The company had a trading volume of 1,335,287 shares, compared to its average volume of 856,303. The stock has a 50 day moving average price of C$3.84 and a 200 day moving average price of C$3.80. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The stock has a market cap of C$1.73 billion, a price-to-earnings ratio of -21.22, a P/E/G ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a 1-year low of C$1.70 and a 1-year high of C$6.62.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. Analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current 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.