Ballard Power Systems (TSE:BLDP) Trading 10.3% Higher – Should You Buy?

Shares of Ballard Power Systems Inc. (TSE:BLDP) rose 10.3% on Thursday . The stock traded as high as C$7.27 and last traded at C$7.19. Approximately 1,169,978 shares changed hands during trading, an increase of 26% from the average daily volume of 926,946 shares. The stock had previously closed at C$6.52.

Ballard Power Systems Stock Up 13.7%

The firm has a fifty day simple moving average of C$4.27 and a 200-day simple moving average of C$3.86. The company has a market capitalization of C$2.23 billion, a P/E ratio of -27.44, a P/E/G ratio of -2,030.00 and a beta of 0.64. 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 data on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The business had revenue of C$27.00 million for the quarter. On average, equities research analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Insider Activity at Ballard Power Systems

In other news, insider Ltd. Weichai Power Co. sold 923,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$5.67, for a total value of C$5,233,410.00. Following the completion of the transaction, the insider owned 34,999,826 shares in the company, valued at C$198,449,013.42. This represents a 2.57% decrease in their ownership of the stock. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the stock in a transaction 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 sale, the insider directly owned 44,020,601 shares of the company’s stock, valued at C$257,960,721.86. This represents a 4.58% decrease in their position. Insiders have sold a total of 9,912,997 shares of company stock worth $57,484,765 over the last 90 days. Corporate insiders own 15.53% of the company’s stock.

Ballard Power Systems Company Profile

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.