Ballard Power Systems (TSE:BLDP) Trading Down 17.6% – What’s Next?

Ballard Power Systems Inc. (TSE:BLDP) shares dropped 17.6% during mid-day trading on Friday . The stock traded as low as C$6.92 and last traded at C$6.96. Approximately 1,532,189 shares were traded during trading, an increase of 39% from the average daily volume of 1,102,210 shares. The stock had previously closed at C$8.45.

Ballard Power Systems Trading Down 18.9%

The company has a market capitalization of C$2.07 billion, a PE ratio of -25.37, a P/E/G ratio of -2,030.00 and a beta of 0.82. The firm’s 50 day simple moving average is C$5.44 and its 200-day simple moving average is C$4.15. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62.

Ballard Power Systems (TSE:BLDP) last announced its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. As a group, equities research analysts anticipate that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other Ballard Power Systems news, insider Ltd. Weichai Power Co. sold 923,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$5.67, for a total transaction 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. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46. Following the completion of the sale, the insider directly owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. This trade represents a 4.58% decrease in their position. Insiders have sold 9,912,997 shares of company stock worth $57,484,765 over the last three months. 15.53% of the stock is owned by corporate insiders.

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.