Shares of the company are trading at $4.94 which is just over $4.62, the stock’s 50 day moving average and significantly above the 200 day moving average of $3.30. The 50 day moving average was up $0.32 or +7.00% and the 200 day average went up $1.64 or +49.61%. 1,244K shares changed hands on Tuesday. Volume was up 52.44% over the stocks average daily volume.
Traders are a little more bearish on the company looking at the uptick in short interest. The firm experienced a rise in short interest from September 15, 2017 to September 29, 2017 of 17.92%. Short interest increased 555,772 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.02% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (BLDP). Kcg Holdings, Inc. downsized its investment by shedding 191,345 shares a decrease of 93.6% in the quarter. Kcg Holdings, Inc. now controls 13,176 shares worth $38,000. The total value of its holdings decreased 91.6%. As of quarter end Creative Planning had acquired 11,250 shares growing its holdings by 121.6%. The value of the company’s investment in Ballard Power Systems, Inc. went from $21,000 to $59,000 a change of $38,000 quarter over quarter.
Ubs Group Ag divested its position by selling 100 shares a decrease of 2.9%. Ubs Group Ag claims 3,333 shares with a value of $10,000. The value of the position overall is up by 25.0%. Cutler Group LP added to its stake by buying 3,660 shares an increase of 915.0% as of 09/30/2017. Cutler Group LP controls 4,060 shares valued at $19,000. The value of the position overall is up by inf%.
As of the last earnings report the EPS was $-0.05 and is estimated to be $-0.05 for the current year with 176,344,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.01 and the next full year EPS is projected to be $-0.02.
Ballard Power Systems Inc., launched on November 12, 2008, is involved in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. As of December 31, 2016, the Company provided products in four product classes, such as Fuel cell stacks, Fuel cell modules, Fuel cell systems and Power management systems..