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 dated Monday, May 11th. The stock was sold at an average price of C$5.74, for a total transaction of C$13,772,286.22. Following the completion of the sale, the insider owned 41,621,248 shares of the company’s stock, valued at C$238,905,963.52. This trade represents a 5.45% decrease in their position.

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 stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.

Ballard Power Systems Stock Down 0.2%

Shares of BLDP opened at C$5.69 on Wednesday. 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 Inc. has a 12 month low of C$1.70 and a 12 month high of C$6.62. The firm’s 50 day moving average is C$3.90 and its 200-day moving average is C$3.81. The stock has a market capitalization of C$1.72 billion, a PE ratio of -21.07, a P/E/G ratio of -2,030.00 and a beta of 0.64.

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