Key Points
- Weichai Power Co. sold 923,000 Ballard Power Systems shares on May 14 at an average price of C$5.67, bringing in about C$5.23 million and trimming its stake by 2.57%.
- The insider had also sold large blocks of stock in the prior three trading sessions, including more than 2.3 million shares on May 12 and roughly 2.4 million shares on May 11.
- Ballard Power Systems shares were up 7.4% to C$6.09, near their 52-week high of C$6.62, despite the company reporting a quarterly loss and weak profitability metrics in its latest earnings release.
Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) 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 sale, the insider directly owned 34,999,826 shares of the company's stock, valued at approximately C$198,449,013.42. This represents a 2.57% decrease in their ownership of the stock.
Ltd. Weichai Power Co. also recently made the following trade(s):
- On Tuesday, May 12th, Ltd. Weichai Power Co. sold 2,368,422 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.80, for a total value of C$13,736,847.60.
- 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 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 shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46.
Ballard Power Systems Stock Up 7.4%
BLDP opened at C$6.09 on Friday. The business has a 50 day moving average price of C$4.07 and a two-hundred day moving average price of C$3.84. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62. The company has a market cap of C$1.84 billion, a PE ratio of -22.56, a P/E/G ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a 52 week low of C$1.70 and a 52 week high of C$6.62.
Ballard Power Systems (TSE:BLDP - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$27.00 million for 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 anticipate 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.
Further Reading
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