Insider Selling: Ballard Power Systems (TSE:BLDP) Insider Sells 2,111,111 Shares of Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,111,111 shares of the company’s stock in a transaction on 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 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 position.

Ballard Power Systems Stock Up 0.5%

Shares of Ballard Power Systems stock traded up C$0.03 during trading hours on Monday, reaching C$5.70. 1,099,442 shares of the company were exchanged, compared to its average volume of 851,666. Ballard Power Systems Inc. has a 1 year low of C$1.70 and a 1 year high of C$6.62. The stock’s fifty day moving average is C$3.73 and its 200 day moving average is C$3.79. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. The firm has a market cap of C$1.72 billion, a PE ratio of -21.11, a PEG ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) earnings per share 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 for the quarter. As a group, equities research analysts forecast that Ballard Power Systems Inc. will post -0.67 earnings per share for the current year.

About Ballard Power Systems

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.