Ballard Power Systems (TSE:BLDP) Reaches New 1-Year High - Should You Buy?

Key Points

• Ballard Power Systems reached a new 52-week high at C$5.58, reflecting significant trading activity with over 2.26 million shares exchanged.
• The company's market capitalization stands at C$1.71 billion, with a PE ratio of -5.74, indicating potential volatility and underlying challenges.
• Insider David Mucciacciaro sold nearly 90% of his shares on August 27, raising concerns about insider confidence, as he only retained 2,476 shares valued at approximately C$7,016.98.

Ballard Power Systems Inc. (TSE:BLDP - )'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$5.58 and last traded at C$5.58, with a volume of 2264767 shares traded. The stock had previously closed at C$4.58.

Ballard Power Systems Price Performance

The firm's 50-day moving average is C$3.29 and its 200-day moving average is C$2.47. The company has a market capitalization of C$1.71 billion, a PE ratio of -5.74, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.79. The company has a quick ratio of 13.57, a current ratio of 9.01 and a debt-to-equity ratio of 3.82.

Insider Transactions at Ballard Power Systems

In related news, insider David Mucciacciaro sold 21,346 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 2,476 shares in the company, valued at approximately C$7,016.98. The trade was a 89.61% decrease in their ownership of the stock. Company insiders own 15.53% of the company's stock.

About Ballard Power Systems

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.

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