Ballard Power Systems Inc. (TSE:BLDP) Senior Officer Sells C$201,431.78 in Stock

Ballard Power Systems Inc. (TSE:BLDPGet Rating) Senior Officer Kevin Michael Colbow sold 24,752 shares of the firm’s stock in a transaction dated Thursday, November 24th. The stock was sold at an average price of C$8.14, for a total transaction of C$201,431.78. Following the transaction, the insider now directly owns 72,144 shares of the company’s stock, valued at C$587,107.87.

Ballard Power Systems Trading Up 1.2 %

BLDP opened at C$8.31 on Friday. The company has a current ratio of 14.44, a quick ratio of 13.57 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of C$2.48 billion and a PE ratio of -13.92. Ballard Power Systems Inc. has a 1-year low of C$6.93 and a 1-year high of C$18.51. The firm has a 50-day moving average price of C$8.04 and a two-hundred day moving average price of C$8.96.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BLDP shares. Truist Financial reissued a “hold” rating and set a C$7.00 price target on shares of Ballard Power Systems in a report on Tuesday, October 18th. Susquehanna Bancshares cut their price target on shares of Ballard Power Systems to C$9.00 and set a “hold” rating for the company in a report on Monday, October 24th. Finally, Citigroup cut their price target on shares of Ballard Power Systems to C$7.50 and set a “hold” rating for the company in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$10.40.

About Ballard Power Systems

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Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.

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