Ballard Power Systems (TSE:BLDP) Trading Up 3.7% - What's Next?

Key Points

• Ballard Power Systems' stock price increased by 3.7%, reaching a last traded price of C$5.10 after previously closing at C$4.92, with trading volume rising significantly to 2.6 million shares.
• The company has a market capitalization of C$1.53 billion and a noteworthy PE ratio of -5.15, indicating potential challenges in profitability.
• Insider David Mucciacciaro sold a substantial portion of his holdings, reducing his position by 89.61% which raised concerns about insider confidence in the company's future performance.

Ballard Power Systems Inc. (TSE:BLDP - )'s stock price shot up 3.7% during trading on Monday . The company traded as high as C$5.30 and last traded at C$5.10. 2,648,774 shares were traded during mid-day trading, an increase of 207% from the average session volume of 862,737 shares. The stock had previously closed at C$4.92.

Ballard Power Systems Trading Up 3.7%

The firm's 50-day simple moving average is C$3.05 and its 200-day simple moving average is C$2.36. The firm has a market capitalization of C$1.53 billion, a PE ratio of -5.15, a price-to-earnings-growth 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.

Insider Transactions at Ballard Power Systems

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 transaction, 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 position. 15.53% of the stock is currently owned by insiders.

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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