Ballard Power Systems (TSE:BLDP) Shares Down 6.9% - Should You Sell?

Key Points

• Ballard Power Systems shares fell 6.9% to C$3.51 in mid-day trading, with volume slightly above the session average. The stock remains below its 50-day and 200-day moving averages.
• The company reported quarterly revenue of C$27.0 million and a loss of C$0.06 per share, alongside a negative net margin of 78.28%; analysts expect a full-year loss of C$0.67 per share.
• Insiders have been selling shares: company insiders sold more than 10 million shares worth approximately C$58.2 million over the past 90 days, reducing their ownership while still holding 15.53% of the company.

Shares of Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) were down 6.9% during mid-day trading on Wednesday . The company traded as low as C$3.50 and last traded at C$3.51. 1,155,117 shares were traded during trading, an increase of 3% from the average session volume of 1,124,011 shares. The stock had previously closed at C$3.77.

Ballard Power Systems Price Performance

The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The business has a fifty day simple moving average of C$5.79 and a 200 day simple moving average of C$4.49. The stock has a market capitalization of C$1.06 billion, a P/E ratio of -13.00, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.16.

Ballard Power Systems (TSE:BLDP - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The company had revenue of C$27.00 million during the quarter. On average, analysts expect that Ballard Power Systems Inc. will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Ballard Power Systems

In other Ballard Power Systems news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the firm's stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46. Following the transaction, the insider directly owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. This trade represents a 4.58% decrease in their position. Also, insider Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$5.74, for a total transaction of C$13,772,286.22. Following the transaction, the insider directly owned 41,621,248 shares in the company, valued at C$238,905,963.52. This represents a 5.45% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 10,064,347 shares of company stock worth $58,240,001. Company insiders own 15.53% of the company's stock.

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.

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