Ballard Power Systems (TSE:BLDP) Stock Price Up 23.6% – Still a Buy?

Ballard Power Systems Inc. (TSE:BLDP) shares rose 23.6% during trading on Friday . The stock traded as high as C$4.99 and last traded at C$4.97. Approximately 2,094,785 shares were traded during trading, an increase of 148% from the average daily volume of 845,983 shares. The stock had previously closed at C$4.02.

Ballard Power Systems Trading Up 22.4%

The company has a fifty day simple moving average of C$3.01 and a two-hundred day simple moving average of C$2.33. The company has a current ratio of 9.01, a quick ratio of 13.57 and a debt-to-equity ratio of 3.82. The company has a market cap of C$1.48 billion, a PE ratio of -4.97, a P/E/G ratio of -2,030.00 and a beta of 1.59.

Insider Buying and Selling at Ballard Power Systems

In related news, insider David Mucciacciaro sold 21,346 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$2.83, for a total value of C$60,494.56. Following the sale, the insider owned 2,476 shares of the company’s stock, valued at C$7,016.98. This trade represents a 89.61% decrease in their ownership of the stock. Insiders own 15.53% of the company’s stock.

Ballard Power Systems Company Profile

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company’s principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.