Limited Weichai Power Hong Kong International Development Co. Sells 2,111,111 Shares of Ballard Power Systems (TSE:BLDP) Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the sale, the insider owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock.

Ballard Power Systems Trading Down 0.2%

Shares of BLDP opened at C$5.69 on Wednesday. The stock has a market cap of C$1.72 billion, a PE ratio of -21.07, a P/E/G 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 business’s 50-day moving average price is C$3.90 and its 200-day moving average price is C$3.81. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative return on equity of 13.50% and a negative net margin of 78.28%. On average, equities analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal 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.