Ballard Power Systems (TSE:BLDP) Stock Price Up 0.4% – Should You Buy?

Ballard Power Systems Inc. (TSE:BLDP) shares rose 0.4% during mid-day trading on Tuesday . The stock traded as high as C$4.96 and last traded at C$4.79. Approximately 570,260 shares traded hands during trading, a decline of 36% from the average daily volume of 892,973 shares. The stock had previously closed at C$4.77.

Ballard Power Systems Trading Up 0.4%

The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -4.84, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.79. The company has a debt-to-equity ratio of 3.82, a quick ratio of 13.57 and a current ratio of 9.01. The firm has a fifty day moving average price of C$3.81 and a 200-day moving average price of C$2.73.

Insider Activity

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

About Ballard Power Systems

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.