Ballard Power Systems (TSE:BLDP) Reaches New 52-Week High - Here's What Happened

Key Points

• Ballard Power Systems shares reached a new 52-week high of C$5.30 during mid-day trading on Monday, closing at C$5.08 with a volume of over 2 million shares traded.
• The company reported a market cap of C$1.53 billion and a P/E ratio of -5.15, indicating potential volatility or challenges in profitability.
• Insider David Mucciacciaro sold 21,346 shares at an average price of C$2.83, reducing their ownership by 89.61%, while insiders hold 15.53% of the company's stock.

Shares of Ballard Power Systems Inc. (TSE:BLDP - ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.30 and last traded at C$5.08, with a volume of 2033376 shares traded. The stock had previously closed at C$4.92.

Ballard Power Systems Price Performance

The company's 50 day moving average price is C$3.05 and its 200-day moving average price is C$2.36. The stock has a market cap of C$1.53 billion, a P/E ratio of -5.15, a P/E/G 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.

Insiders Place Their Bets

In other Ballard Power Systems news, insider David Mucciacciaro sold 21,346 shares of Ballard Power Systems stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of C$2.83, for a total value of C$60,494.56. Following the completion of the sale, 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. Insiders own 15.53% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.