Ballard Power Systems (TSE:BLDP) Stock Price Up 23.6% - Still a Buy?

Key Points

• Ballard Power Systems Inc. shares surged 23.6%, trading at C$4.97 after reaching a high of C$4.99, with trading volume increasing by 148% from the average.
• The company's market capitalization stands at C$1.48 billion, with significant indicators including a PE ratio of -4.97 and a beta of 1.59.
• Insider David Mucciacciaro sold 21,346 shares at an average price of C$2.83, marking an 89.61% decrease in their ownership of the stock.

Ballard Power Systems Inc. (TSE:BLDP - ) shares rose 23.6% during trading on Friday . The company traded as high as C$4.99 and last traded at C$4.97. Approximately 2,094,785 shares traded hands during trading, an increase of 148% from the average daily volume of 845,983 shares. The stock had previously closed at C$4.02.

Ballard Power Systems Price Performance

The firm's 50-day moving average is C$3.01 and its 200-day moving average is C$2.33. The company has a market capitalization of C$1.48 billion, a PE ratio of -4.97, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.59. 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 the business'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 sale, the insider directly owned 2,476 shares of the company's stock, valued at C$7,016.98. The trade was a 89.61% decrease in their ownership of the stock. 15.53% of the stock is owned by corporate insiders.

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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