Ballard Power Systems (TSE:BLDP) Sets New 52-Week High – Should You Buy?

Shares of Ballard Power Systems Inc. (TSE:BLDPGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$8.15 and last traded at C$7.84, with a volume of 1607600 shares. The stock had previously closed at C$7.45.

Ballard Power Systems Trading Up 5.0%

The firm has a market capitalization of C$2.36 billion, a P/E ratio of -28.96, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The stock has a 50-day simple moving average of C$4.36 and a two-hundred day simple moving average of C$3.88.

Ballard Power Systems (TSE:BLDPGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) 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 during the quarter. On average, equities research analysts anticipate that Ballard Power Systems Inc. will post -0.67 earnings per share for the current year.

Insider Activity

In related news, insider Ltd. Weichai Power Co. sold 2,399,353 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$5.74, for a total value of C$13,772,286.22. Following the completion of the transaction, the insider owned 41,621,248 shares of the company’s stock, valued at approximately C$238,905,963.52. This represents a 5.45% decrease in their position. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the completion of the transaction, the insider directly owned 44,020,601 shares of the company’s stock, valued at C$257,960,721.86. The trade was a 4.58% decrease in their position. In the last three months, insiders sold 9,912,997 shares of company stock valued at $57,484,765. Insiders own 15.53% of the company’s stock.

Ballard Power Systems Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.