Ballard Power Systems (TSE:BLDP) Trading 0.2% Higher – Here’s Why

Ballard Power Systems Inc. (TSE:BLDP) shares 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 changed 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 Trading Up 0.2%

The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of -19.07, a PEG ratio of -2,030.00 and a beta of 0.82. The company has a fifty day moving average price of C$6.15 and a 200-day moving average price of C$4.37. 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 company had revenue of C$27.00 million for the quarter. As a group, research analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Insider Buying and Selling

In related news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total transaction of C$12,371,110.46. Following the sale, the insider directly owned 44,020,601 shares of the company’s stock, valued at approximately C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock. Also, insider Ltd. Weichai Power Co. sold 923,000 shares of the 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 directly 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 ownership of the stock. Insiders have sold a total of 9,912,997 shares of company stock worth $57,484,765 in the last ninety days. Corporate insiders own 15.53% of the company’s stock.

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.