Traders Purchase High Volume of Call Options on Ballard Power Systems (NASDAQ:BLDP)

Ballard Power Systems, Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD was the target of some unusual options trading on Wednesday. Stock investors purchased 9,656 call options on the stock. This is an increase of approximately 4,498% compared to the average daily volume of 210 call options.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James Financial decreased their price objective on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating for the company in a report on Friday, March 14th. Roth Mkm decreased their price objective on Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating for the company in a report on Friday, March 14th. National Bankshares decreased their price objective on Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating for the company in a report on Friday, March 14th. HSBC decreased their price objective on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a report on Friday, March 14th. Finally, Citigroup reaffirmed a "sell" rating and issued a $1.00 price target (down previously from $1.50) on shares of Ballard Power Systems in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Ballard Power Systems presently has an average rating of "Hold" and an average target price of $2.09.

Institutional Investors Weigh In On Ballard Power Systems

Several large investors have recently bought and sold shares of BLDP. Raymond James Financial Inc. purchased a new stake in Ballard Power Systems during the 4th quarter worth approximately $27,000. Edmond DE Rothschild Holding S.A. acquired a new position in Ballard Power Systems during the first quarter worth $40,000. Headlands Technologies LLC acquired a new position in Ballard Power Systems during the fourth quarter worth $52,000. Virtu Financial LLC purchased a new stake in Ballard Power Systems in the 1st quarter valued at $69,000. Finally, Amundi increased its stake in shares of Ballard Power Systems by 16.1% in the 1st quarter. Amundi now owns 68,140 shares of the technology company's stock worth $74,000 after acquiring an additional 9,454 shares during the last quarter. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

Ballard Power Systems Price Performance

NASDAQ:BLDP traded down $0.07 during trading hours on Friday, hitting $1.87. 5,190,145 shares of the stock were exchanged, compared to its average volume of 6,834,691. Ballard Power Systems has a 52-week low of $1.00 and a 52-week high of $2.71. The firm's fifty day moving average price is $1.50 and its 200 day moving average price is $1.41. The company has a current ratio of 9.00, a quick ratio of 8.13 and a debt-to-equity ratio of 0.03. The company has a market cap of $560.72 million, a P/E ratio of -1.83 and a beta of 1.71.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. Ballard Power Systems had a negative return on equity of 20.41% and a negative net margin of 430.17%. The company had revenue of $14.76 million during the quarter, compared to analyst estimates of $16.82 million. As a group, equities research analysts anticipate that Ballard Power Systems will post -0.54 EPS for the current fiscal year.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.