Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP – Free Report) (TSE:BLD) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 980,067 shares of the technology company’s stock after buying an additional 134,991 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.33% of Ballard Power Systems worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in Ballard Power Systems by 137.6% during the third quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock worth $2,008,000 after buying an additional 646,219 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ballard Power Systems by 51.0% during the third quarter. Geode Capital Management LLC now owns 432,805 shares of the technology company’s stock worth $779,000 after buying an additional 146,104 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Ballard Power Systems by 35.4% during the fourth quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company’s stock worth $4,094,000 after buying an additional 644,861 shares in the last quarter. XTX Topco Ltd boosted its holdings in Ballard Power Systems by 29.0% during the third quarter. XTX Topco Ltd now owns 88,212 shares of the technology company’s stock worth $159,000 after buying an additional 19,856 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Ballard Power Systems by 17.1% during the third quarter. Tidal Investments LLC now owns 264,781 shares of the technology company’s stock worth $477,000 after buying an additional 38,616 shares in the last quarter. Hedge funds and other institutional investors own 28.02% of the company’s stock.
Ballard Power Systems Stock Performance
Shares of BLDP opened at $1.35 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The company has a market capitalization of $404.24 million, a price-to-earnings ratio of -1.23 and a beta of 1.75. The company’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $1.54. Ballard Power Systems Inc. has a 1 year low of $1.08 and a 1 year high of $3.38.
Analyst Upgrades and Downgrades
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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.
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