MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,796,429 shares of the technology company's stock after selling 523,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.27% of Ballard Power Systems worth $6,307,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Ballard Power Systems in the fourth quarter valued at approximately $27,000. Headlands Technologies LLC purchased a new stake in shares of Ballard Power Systems during the fourth quarter worth $52,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Ballard Power Systems by 35.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock worth $68,000 after acquiring an additional 10,767 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Ballard Power Systems by 44.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company's stock worth $82,000 after acquiring an additional 15,160 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ballard Power Systems during the fourth quarter worth $101,000. Hedge funds and other institutional investors own 28.02% of the company's stock.
Ballard Power Systems Price Performance
Shares of BLDP stock traded up $0.06 on Friday, reaching $1.35. The company's stock had a trading volume of 9,039,359 shares, compared to its average volume of 5,851,448. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. Ballard Power Systems Inc. has a 12-month low of $1.00 and a 12-month high of $3.23. The company has a market capitalization of $404.77 million, a P/E ratio of -1.23 and a beta of 1.68. The stock's 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.39.
Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.05. Ballard Power Systems had a negative return on equity of 19.96% and a negative net margin of 357.78%. The business had revenue of $14.76 million for the quarter, compared to the consensus estimate of $16.82 million. As a group, equities analysts predict that Ballard Power Systems Inc. will post -0.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BLDP has been the topic of several recent research reports. UBS Group dropped their target price on Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a research report on Monday, May 12th. BMO Capital Markets dropped their target price on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a research report on Friday, March 14th. Citigroup restated a "sell" rating and set a $1.00 target price (down previously from $1.50) on shares of Ballard Power Systems in a research report on Thursday, April 17th. National Bankshares dropped their target price on Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating on the stock in a research report on Friday, March 14th. Finally, Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Ballard Power Systems has a consensus rating of "Hold" and an average price target of $2.09.
View Our Latest Report on BLDP
Ballard Power Systems Company Profile
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Free Report)
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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