Insider Selling: Ballard Power Systems (TSE:BLDP) Insider Sells 21,346 Shares of Stock

Key Points

• David Mucciacciaro, an insider at Ballard Power Systems, sold 21,346 shares of the company's stock at an average price of C$2.83, leading to a total sale value of C$60,494.56.
• The sale represents an 89.61% decrease in Mucciacciaro's ownership of Ballard Power Systems, leaving him with only 2,476 shares valued at C$7,016.98.
• Ballard Power Systems' stock recently traded at C$2.61, marking a decline of 2.2%, with a market capitalization of C$784.51 million and a PE ratio of -2.64.

Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) insider David Mucciacciaro sold 21,346 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$2.83, for a total value of C$60,494.56. Following the sale, the insider owned 2,476 shares in the company, valued at approximately C$7,016.98. This represents a 89.61% decrease in their ownership of the stock.

Ballard Power Systems Stock Performance

Shares of BLDP traded up C$0.06 on Friday, reaching C$2.88. 614,134 shares of the stock traded hands, compared to its average volume of 809,583. The firm has a market cap of C$865.66 million, a price-to-earnings ratio of -2.91, a P/E/G ratio of -2,030.00 and a beta of 1.59. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57. Ballard Power Systems Inc. has a 12 month low of C$1.44 and a 12 month high of C$3.10. The stock's 50-day moving average price is C$2.64 and its 200-day moving average price is C$2.12.

Ballard Power Systems Company Profile

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.