Ltd. Weichai Power Co. Sells 2,111,111 Shares of Ballard Power Systems (TSE:BLDP) Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,111,111 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were 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 directly owned 44,020,601 shares of the company’s stock, valued at approximately C$257,960,721.86. This trade represents a 4.58% decrease in their ownership of the stock.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.74, for a total transaction of C$13,772,286.22.

Ballard Power Systems Trading Down 0.2%

BLDP stock opened at C$5.69 on Wednesday. The firm has a fifty day moving average price of C$3.90 and a 200 day moving average price of C$3.81. Ballard Power Systems Inc. has a fifty-two week low of C$1.70 and a fifty-two week high of C$6.62. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. The firm has a market cap of C$1.72 billion, a PE ratio of -21.07, a price-to-earnings-growth ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. The company 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%. Sell-side analysts anticipate that Ballard Power Systems Inc. will post -0.67 earnings per share 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.