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

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

Ballard Power Systems Price Performance

The stock’s 50 day simple moving average is C$6.15 and its 200-day simple moving average is C$4.37. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.82. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings data 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 company had revenue of C$27.00 million for the quarter. Equities research analysts anticipate 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 923,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$5.67, for a total transaction of C$5,233,410.00. Following the sale, the insider owned 34,999,826 shares in the company, valued at approximately C$198,449,013.42. The trade was a 2.57% decrease in their position. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 44,020,601 shares in the company, valued at C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock. In the last ninety days, insiders have sold 9,912,997 shares of company stock valued at $57,484,765. 15.53% of the stock is currently owned by insiders.

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.