Ballard Power Systems (TSE:BLDP) Shares Down 6.9% – Should You Sell?

Ballard Power Systems Inc. (TSE:BLDP) dropped 6.9% during mid-day trading on Wednesday . The company traded as low as C$3.50 and last traded at C$3.51. 1,155,117 shares traded hands during trading, an increase of 3% from the average daily volume of 1,124,011 shares. The stock had previously closed at C$3.77.

Ballard Power Systems Trading Down 4.1%

The firm has a market cap of C$1.12 billion, a P/E ratio of -13.81, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.16. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The company’s fifty day moving average price is C$5.71 and its two-hundred day moving average price is C$4.49.

Ballard Power Systems (TSE:BLDP) last released its quarterly earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. The firm had revenue of C$29.27 million during the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. As a group, sell-side analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ltd. Weichai Power Co. sold 151,350 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$4.99, for a total transaction of C$755,236.50. Following the completion of the sale, the insider directly owned 30,951,476 shares of the company’s stock, valued at C$154,447,865.24. This trade represents a 0.49% decrease in their position. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of Ballard Power Systems stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the completion of the transaction, the insider owned 44,020,601 shares of the company’s stock, valued at approximately C$257,960,721.86. The trade was a 4.58% decrease in their position. Over the last 90 days, insiders have sold 10,064,347 shares of company stock worth $58,240,001. 15.53% of the stock is owned by corporate insiders.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.