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

Shares of Ballard Power Systems Inc. (TSE:BLDP) dropped 17.6% on Friday . The stock traded as low as C$6.92 and last traded at C$6.96. Approximately 1,532,189 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 3.62, a current ratio of 10.70 and a quick ratio of 13.57. The firm has a fifty day moving average of C$5.37 and a two-hundred day moving average of C$4.13. The stock has a market capitalization of C$2.05 billion, a P/E ratio of -25.19, a P/E/G ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The firm 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%. On average, analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Insider Transactions at Ballard Power Systems

In other Ballard Power Systems news, insider Ltd. Weichai Power Co. sold 2,399,353 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$5.74, for a total value of C$13,772,286.22. Following the completion of the transaction, the insider directly owned 41,621,248 shares in the company, valued at approximately C$238,905,963.52. The trade was a 5.45% 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 dated Friday, May 8th. The stock was sold at an average price of C$5.86, for a total transaction 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 represents a 4.58% decrease in their ownership of the stock. Insiders sold 9,912,997 shares of company stock valued at $57,484,765 over the last quarter. 15.53% of the stock is currently owned by corporate insiders.

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.