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

Key Points

• Ballard Power Systems shares soared by 19.7% to C$4.81, with trading volume exceeding average levels by 91%.
• The company has a market capitalization of C$1.48 billion and a notably high debt-to-equity ratio of 3.82.
• Insider David Mucciacciaro sold around 21,346 shares at an average price of C$2.83, significantly reducing his ownership by 89.61%.

Ballard Power Systems Inc. (TSE:BLDP - ) shares were up 19.7% on Friday . The stock traded as high as C$4.92 and last traded at C$4.81. Approximately 1,601,083 shares traded hands during 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 Up 22.4%

The firm has a market cap of C$1.48 billion, a price-to-earnings ratio of -4.97, a P/E/G ratio of -2,030.00 and a beta of 1.59. The firm's 50 day moving average price is C$3.01 and its two-hundred day moving average price is C$2.33. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57.

Insider Buying and Selling at Ballard Power Systems

In other news, insider David Mucciacciaro sold 21,346 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of C$2.83, for a total transaction of C$60,494.56. Following the completion of the sale, the insider 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.

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.

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