Key Points
- Weichai Power Co. sold 2,399,353 Ballard Power Systems shares on May 11 at an average price of C$5.74, generating about C$13.8 million. The sale reduced its stake by 5.45% to 41,621,248 shares.
- This follows another recent sale on May 8, when Weichai Power Co. sold 2,111,111 shares at an average price of C$5.86 for about C$12.37 million.
- Ballard Power Systems shares were down 0.2% and opened at C$5.69, near their 52-week high of C$6.62. The company also reported a quarterly loss of C$0.06 per share and revenue of C$27.0 million in its latest earnings release.
Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) insider Ltd. Weichai Power Co. sold 2,399,353 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$5.74, for a total transaction of C$13,772,286.22. Following the sale, the insider directly owned 41,621,248 shares of the company's stock, valued at approximately C$238,905,963.52. This trade represents a 5.45% decrease in their position.
Ltd. Weichai Power Co. also recently made the following trade(s):
- On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.
Ballard Power Systems Stock Down 0.2%
Shares of BLDP opened at C$5.69 on Wednesday. Ballard Power Systems Inc. has a one year low of C$1.70 and a one year high of C$6.62. The company has a market cap of C$1.72 billion, a P/E ratio of -21.07, a P/E/G ratio of -2,030.00 and a beta of 0.64. 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 simple moving average of C$3.90 and a two-hundred day simple moving average of C$3.81.
Ballard Power Systems (TSE:BLDP - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C($0.06) 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 company had revenue of C$27.00 million during the quarter. Research analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.
About Ballard Power Systems
(
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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.
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