Ballard Power Systems (TSE:BLDP) Sets New 52-Week High – Should You Buy?

Ballard Power Systems Inc. (TSE:BLDP) reached a new 52-week high during trading on Friday . The stock traded as high as C$8.15 and last traded at C$7.84, with a volume of 1607600 shares traded. The stock had previously closed at C$7.45.

Ballard Power Systems Price Performance

The company has a debt-to-equity ratio of 3.62, a current ratio of 10.70 and a quick ratio of 13.57. The firm has a 50-day moving average of C$4.36 and a 200-day moving average of C$3.88. The stock has a market cap of C$2.36 billion, a PE ratio of -28.96, a PEG ratio of -2,030.00 and a beta of 0.64.

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

Insider Activity at Ballard Power Systems

In other Ballard Power Systems news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46. Following the completion of the transaction, the insider owned 44,020,601 shares in the company, valued at C$257,960,721.86. This trade represents a 4.58% decrease in their position. Also, insider Ltd. Weichai Power Co. sold 2,399,353 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$5.74, for a total value of C$13,772,286.22. Following the transaction, the insider owned 41,621,248 shares of the company’s stock, valued at C$238,905,963.52. This represents a 5.45% decrease in their position. Insiders have sold a total of 9,912,997 shares of company stock valued at $57,484,765 in the last 90 days. 15.53% of the stock is currently owned by company insiders.

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.