Ballard Power Systems (TSE:BLDP) Stock Price Up 19.7% - Should You Buy?

Key Points

• Ballard Power Systems experienced a significant stock price increase of 19.7%, closing at C$4.81, following a trading volume rise of 91% compared to its average daily volume.
• The company has a market capitalization of C$1.48 billion and a notably high debt-to-equity ratio of 3.82, indicating potential financial risk.
• Insider David Mucciacciaro sold 21,346 shares at C$2.83, resulting in an 89.61% decrease in his ownership, which may reflect insider sentiment about the company's current stock valuation.

Ballard Power Systems Inc. (TSE:BLDP - )'s share price rose 19.7% during mid-day trading on Friday . The company traded as high as C$4.92 and last traded at C$4.81. Approximately 1,601,083 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 840,142 shares. The stock had previously closed at C$4.02.

Ballard Power Systems Stock Performance

The stock has a market capitalization of C$1.48 billion, a PE ratio of -4.97, 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. The business's fifty day moving average price is C$3.01 and its 200-day moving average price is C$2.33.

Insider Buying and Selling at Ballard Power Systems

In related news, insider David Mucciacciaro sold 21,346 shares of the company'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 transaction, the insider directly 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. 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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