Ltd. Weichai Power Co. Sells 151,350 Shares of Ballard Power Systems (TSE:BLDP) Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 151,350 shares of Ballard Power Systems stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$4.99, for a total value of C$755,236.50. Following the completion of the sale, the insider owned 30,951,476 shares in the company, valued at approximately C$154,447,865.24. This trade represents a 0.49% decrease in their ownership of the stock.

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

• On Thursday, May 14th, Ltd. Weichai Power Co. sold 923,000 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.67, for a total value of C$5,233,410.00.
• On Tuesday, May 12th, Ltd. Weichai Power Co. sold 2,368,422 shares of Ballard Power Systems stock. The stock was 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 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 shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46.

Ballard Power Systems Price Performance

Shares of TSE BLDP opened at C$4.58 on Friday. The firm has a market capitalization of C$1.38 billion, a P/E ratio of -16.96, a PEG ratio of -2,030.00 and a beta of 1.16. Ballard Power Systems Inc. has a one year low of C$2.34 and a one year high of C$9.08. The company’s fifty day moving average is C$6.27 and its two-hundred day moving average is C$4.45. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70.

Ballard Power Systems (TSE:BLDP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. The company 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%. Analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Ballard Power Systems Company Profile

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.