Ballard Power Systems Inc. (NASDAQ:BLDP) shares traded -2.96% lower at $3.94 on Wall Street last session.
BLDP stock price is now -12.39% away from the 50-day moving average and -23.18% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.
A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDP stock. A new stake in Ballard Power Systems Inc. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $1,326,000. VIRTU FINANCIAL LLC invested $266,000 in shares of BLDP during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in Ballard Power Systems Inc. valued at approximately $234,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in BLDP for approximately $146,000. ERGOTELES LLC purchased a new stake in BLDP valued at around $144,000 in the second quarter. In total, there are 337 active investors with 16.40% ownership of the company’s stock.
Ballard Power Systems Inc. (NASDAQ: BLDP) opened at $4.0700 on Thursday. During the past 12 months, Ballard Power Systems Inc. has had a low of $3.97 and a high of $8.59. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 13.80, and a quick ratio of 12.70. The fifty day moving average price for BLDP is $4.4690 and a two-hundred day moving average price translates $5.1220 for the stock.
The latest earnings results from Ballard Power Systems Inc. (NASDAQ: BLDP) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.13 by 0.03. This compares to -$0.19 EPS in the same period last year. The company reported revenue of $15.31 million for the quarter, compared to $20.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.87 percent. For the current quarter, analysts expect BLDP to generate $26.25M in revenue.
Ballard Power Systems Inc.(BLDP) Company Profile
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 markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and power generation. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in the United States, Germany, the United Kingdom, China, France, Canada, Australia, Belgium, Denmark, Poland, Spain, India, Taiwan, Norway, Japan, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
