Ballard Power Systems (TSE:BLDP) Trading 19.7% Higher – Time to Buy?

Ballard Power Systems Inc. (TSE:BLDP) shares rose 19.7% on Friday . The stock traded as high as C$4.92 and last traded at C$4.81. Approximately 1,601,083 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 840,142 shares. The stock had previously closed at C$4.02.

Ballard Power Systems Price Performance

The firm’s 50-day moving average is C$3.01 and its two-hundred day moving average is C$2.33. The company has a market cap of C$1.48 billion, a P/E ratio of -4.97, a PEG ratio of -2,030.00 and a beta of 1.59. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57.

Insiders Place Their Bets

In related news, insider David Mucciacciaro sold 21,346 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of C$2.83, for a total value of C$60,494.56. Following the sale, the insider owned 2,476 shares in the company, valued at approximately C$7,016.98. The trade was a 89.61% decrease in their ownership of the stock. Corporate insiders own 15.53% of the company’s stock.

Ballard Power Systems Company Profile

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company’s principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.