Ballard Power Systems (TSE:BLDP – Get Free Report) released its earnings results on Friday. The company reported C($0.10) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$29.27 million for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%.
Ballard Power Systems Trading Down 4.1%
TSE BLDP opened at C$3.73 on Friday. Ballard Power Systems has a one year low of C$2.34 and a one year high of C$9.08. The company has a 50-day simple moving average of C$5.64 and a 200-day simple moving average of C$4.48. The company has a debt-to-equity ratio of 3.52, a quick ratio of 13.57 and a current ratio of 11.19. The firm has a market capitalization of C$1.12 billion, a PE ratio of -13.81, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.16.
Insider Activity
In related news, insider Ltd. Weichai Power Co. sold 151,350 shares of the 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 sale, the insider owned 30,951,476 shares in the company, valued at C$154,447,865.24. This represents a 0.49% 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 dated Friday, May 8th. The stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46. Following the completion of the transaction, 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 position. In the last quarter, insiders have sold 10,064,347 shares of company stock worth $58,240,001. 15.53% of the stock is owned by company 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.
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