Ballard Power Systems (TSE:BLDP) Trading Up 4.5% – Should You Buy?

Ballard Power Systems Inc. (TSE:BLDP)’s stock price rose 4.5% on Thursday . The company traded as high as C$3.08 and last traded at C$3.05. Approximately 465,352 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,087,275 shares. The stock had previously closed at C$2.92.

Analyst Upgrades and Downgrades

Separately, National Bank Financial decreased their target price on shares of Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$4.50.

Ballard Power Systems Stock Down 1.0%

The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of C$910.46 million, a PE ratio of -11.62, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.02. The firm has a 50-day moving average of C$3.53 and a two-hundred day moving average of C$4.50.

Ballard Power Systems (TSE:BLDP) last released its earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%.The firm had revenue of C$29.27 million for the quarter. On average, equities research analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Insider Buying and Selling at Ballard Power Systems

In related news, insider Ltd. Weichai Power Co. sold 151,350 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$4.99, for a total transaction of C$755,236.50. Following the completion of the sale, the insider owned 30,951,476 shares of the company’s stock, valued at C$154,447,865.24. This represents a 0.49% decrease in their position. 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.