Van ECK Associates Corp boosted its holdings in shares of Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 35.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,466,084 shares of the technology company's stock after acquiring an additional 644,861 shares during the period. Van ECK Associates Corp owned 0.82% of Ballard Power Systems worth $4,094,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in Ballard Power Systems by 137.6% in the 3rd quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company's stock valued at $2,008,000 after purchasing an additional 646,219 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Ballard Power Systems by 52.6% in the 3rd quarter. Penserra Capital Management LLC now owns 959,941 shares of the technology company's stock valued at $1,727,000 after purchasing an additional 330,815 shares during the last quarter. DRW Securities LLC boosted its holdings in Ballard Power Systems by 2,097.1% in the 3rd quarter. DRW Securities LLC now owns 333,322 shares of the technology company's stock valued at $600,000 after purchasing an additional 318,151 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Ballard Power Systems by 79.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company's stock valued at $786,000 after purchasing an additional 193,658 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Ballard Power Systems by 51.0% in the 3rd quarter. Geode Capital Management LLC now owns 432,805 shares of the technology company's stock valued at $779,000 after purchasing an additional 146,104 shares during the last quarter. Hedge funds and other institutional investors own 28.02% of the company's stock.
Ballard Power Systems Stock Down 3.8 %
Shares of NASDAQ BLDP traded down $0.06 during mid-day trading on Friday, reaching $1.41. The company had a trading volume of 5,445,033 shares, compared to its average volume of 10,107,458. The company has a current ratio of 9.01, a quick ratio of 8.19 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.62. The stock has a market cap of $420.71 million, a P/E ratio of -1.28 and a beta of 1.69. Ballard Power Systems Inc. has a 52-week low of $1.23 and a 52-week high of $3.38.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. HSBC lowered shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. TD Cowen upgraded shares of Ballard Power Systems to a "strong sell" rating in a report on Monday, January 13th. CIBC decreased their price objective on shares of Ballard Power Systems from $1.40 to $1.20 and set an "underperformer" rating on the stock in a report on Wednesday, December 4th. StockNews.com upgraded shares of Ballard Power Systems to a "sell" rating in a report on Friday, November 1st. Finally, Hsbc Global Res lowered shares of Ballard Power Systems from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Ballard Power Systems presently has an average rating of "Hold" and an average target price of $2.77.
Get Our Latest Stock Analysis on BLDP
About Ballard Power Systems
(
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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