Ballard Power Systems (TSE:BLDP) Reaches New 12-Month High – Here’s What Happened

Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$8.86 and last traded at C$8.80, with a volume of 1129808 shares traded. The stock had previously closed at C$8.42.

Ballard Power Systems Stock Up 1.9%

The company has a market cap of C$2.62 billion, a PE ratio of -32.15, a P/E/G ratio of -2,030.00 and a beta of 0.64. The stock has a 50-day moving average of C$4.95 and a 200-day moving average of C$4.02. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62.

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Ballard Power Systems (TSE:BLDP – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$27.00 million for the quarter. Ballard Power Systems had a negative return on equity of 13.50% and a negative net margin of 78.28%. Sell-side analysts predict that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Ballard Power Systems

In related news, insider Ltd. Weichai Power Co. sold 923,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$5.67, for a total value of C$5,233,410.00. Following the sale, the insider directly owned 34,999,826 shares of the company’s stock, valued at C$198,449,013.42. This trade represents a 2.57% decrease in their ownership of the stock. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 44,020,601 shares in the company, valued at C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock. In the last quarter, insiders have sold 9,912,997 shares of company stock valued at $57,484,765. Corporate insiders own 15.53% of the company’s stock.

About Ballard Power Systems

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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.

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