Ballard Power Systems (TSE:BLDP) Trading 4.5% Higher – Should You Buy?

Shares of Ballard Power Systems Inc. (TSE:BLDP) rose 4.5% on Thursday . The stock traded as high as C$3.08 and last traded at C$3.05. 465,352 shares changed hands during trading, a decline of 57% from the average daily volume of 1,087,275 shares. The stock had previously closed at C$2.92.

Analysts Set New Price Targets

Separately, National Bank Financial dropped their price objective on shares of Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$4.50.

Ballard Power Systems Price Performance

The firm has a market capitalization of C$919.50 million, a PE ratio of -11.73, a PEG ratio of -2,030.00 and a beta of 1.02. The stock has a 50-day moving average price of C$3.56 and a 200 day moving average price of C$4.51. The company has a quick ratio of 13.57, a current ratio of 11.19 and a debt-to-equity ratio of 3.52.

Ballard Power Systems (TSE:BLDP) last announced its earnings results on Friday, July 31st. The company reported C($0.10) earnings per share (EPS) for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. The business had revenue of C$29.27 million for the quarter. Equities analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

Insider Transactions at Ballard Power Systems

In other Ballard Power Systems news, insider Ltd. Weichai Power Co. sold 151,350 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$4.99, for a total transaction of C$755,236.50. Following the transaction, 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 ownership of the stock. 15.53% of the stock is currently owned by 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.