21,099 Shares in Ballard Power Systems Inc. (NASDAQ:BLDP) Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. purchased a new position in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,099 shares of the technology company’s stock, valued at approximately $59,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ballard Power Systems by 1.7% in the third quarter. Vanguard Group Inc. now owns 9,121,473 shares of the technology company’s stock worth $33,476,000 after purchasing an additional 148,321 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ballard Power Systems during the 4th quarter valued at $373,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Ballard Power Systems by 116.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 35,861 shares of the technology company’s stock valued at $133,000 after buying an additional 19,284 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Ballard Power Systems by 18.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,086,570 shares of the technology company’s stock valued at $7,732,000 after buying an additional 321,624 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ballard Power Systems by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 865,353 shares of the technology company’s stock valued at $3,222,000 after buying an additional 89,643 shares during the last quarter. Institutional investors own 28.02% of the company’s stock.

Ballard Power Systems Stock Up 2.2 %

Shares of NASDAQ BLDP opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.88 and a current ratio of 11.66. The stock’s 50-day simple moving average is $2.62 and its two-hundred day simple moving average is $2.88. Ballard Power Systems Inc. has a twelve month low of $2.14 and a twelve month high of $5.11.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $14.50 million for the quarter, compared to the consensus estimate of $17.55 million. Ballard Power Systems had a negative net margin of 177.82% and a negative return on equity of 15.37%. Ballard Power Systems’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. On average, analysts predict that Ballard Power Systems Inc. will post -0.51 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BLDP. National Bankshares dropped their price target on Ballard Power Systems from $4.50 to $4.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company dropped their price objective on Ballard Power Systems from $3.50 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, May 9th. TD Securities increased their price objective on Ballard Power Systems from $2.50 to $2.75 and gave the stock a “hold” rating in a report on Wednesday, May 8th. CIBC dropped their price objective on Ballard Power Systems from $3.75 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Jefferies Financial Group dropped their price objective on Ballard Power Systems from $3.50 to $3.25 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.49.

Ballard Power Systems 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 comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.