Key Points
- Ballard Power Systems insider Ltd. Weichai Power Co. sold 2,368,422 shares on May 12 at an average price of C$5.80, totaling about C$13.7 million.
- The sale reduced Weichai Power’s ownership by 5.69%, leaving it with 39,252,826 Ballard shares valued at roughly C$227.7 million.
- Weichai Power has been a frequent seller recently, also unloading more than 4.5 million additional shares on May 11 and May 8, while Ballard shares were trading around C$5.68 and near their 12-month high.
Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) insider Ltd. Weichai Power Co. sold 2,368,422 shares of the company's stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$5.80, for a total transaction of C$13,736,847.60. Following the sale, the insider owned 39,252,826 shares in the company, valued at C$227,666,390.80. This represents a 5.69% 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 stock was sold at an average price of C$5.74, for a total value of C$13,772,286.22.
- On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46.
Ballard Power Systems Trading Down 0.2%
BLDP opened at C$5.68 on Thursday. The firm has a market cap of C$1.71 billion, a P/E ratio of -21.04, a P/E/G ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a 12 month low of C$1.70 and a 12 month high of C$6.62. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The stock has a 50-day moving average of C$3.95 and a 200 day moving average of C$3.82.
Ballard Power Systems (TSE:BLDP - Get Free Report) 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%. As a group, research analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current year.
Ballard Power Systems Company Profile
(
Get Free Report)
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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