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

Ballard Power Systems Inc. (TSE:BLDP)’s stock price traded up 23.6% during trading on Friday . The stock traded as high as C$4.99 and last traded at C$4.97. 2,094,785 shares changed hands during mid-day trading, an increase of 148% from the average session volume of 845,983 shares. The stock had previously closed at C$4.02.

Ballard Power Systems Stock Performance

The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -4.97, a PEG ratio of -2,030.00 and a beta of 1.59. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57. The stock has a 50 day simple moving average of C$3.01 and a two-hundred day simple moving average of C$2.33.

Insider Buying and Selling at Ballard Power Systems

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