Insider Selling: Ballard Power Systems (TSE:BLDP) Insider Sells 2,368,422 Shares of Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,368,422 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$5.80, for a total transaction of C$13,736,847.60. Following the completion of the sale, the insider owned 39,252,826 shares in the company, valued at C$227,666,390.80. This represents a 5.69% decrease in their ownership of the stock.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.74, for a total transaction of C$13,772,286.22.
• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.

Ballard Power Systems Stock Performance

BLDP stock traded down C$0.01 during trading on Wednesday, reaching C$5.68. The company had a trading volume of 1,376,330 shares, compared to its average volume of 867,917. The company has a market cap of C$1.71 billion, a price-to-earnings ratio of -21.04, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a twelve month low of C$1.70 and a twelve month high of C$6.62. 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 50-day simple moving average of C$3.95 and a 200-day simple moving average of C$3.82.

Ballard Power Systems (TSE:BLDP) last released its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The company 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%. As a group, sell-side analysts expect 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.