American Battery Technology (NASDAQ:ABAT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, Zacks reports. The firm had revenue of $2.78 million for the quarter. American Battery Technology had a negative return on equity of 68.75% and a negative net margin of 1,090.07%.
American Battery Technology Trading Up 10.0%
ABAT stock traded up $0.30 during midday trading on Friday, reaching $3.30. The stock had a trading volume of 16,679,895 shares, compared to its average volume of 3,762,329. The company's fifty day simple moving average is $2.48 and its 200 day simple moving average is $1.70. The company has a market cap of $303.24 million, a price-to-earnings ratio of -5.59 and a beta of -2.19. American Battery Technology has a 52-week low of $0.73 and a 52-week high of $4.11.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of American Battery Technology from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.
Get Our Latest Research Report on American Battery Technology
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of American Battery Technology by 35.8% during the 2nd quarter. Creative Planning now owns 18,958 shares of the company's stock worth $31,000 after acquiring an additional 5,000 shares during the period. Cetera Investment Advisers raised its holdings in shares of American Battery Technology by 67.2% during the 2nd quarter. Cetera Investment Advisers now owns 22,117 shares of the company's stock worth $36,000 after acquiring an additional 8,886 shares during the period. Engineers Gate Manager LP purchased a new position in shares of American Battery Technology during the 2nd quarter worth $37,000. Bank of America Corp DE raised its holdings in shares of American Battery Technology by 2,724.5% during the 2nd quarter. Bank of America Corp DE now owns 26,183 shares of the company's stock worth $42,000 after acquiring an additional 25,256 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of American Battery Technology during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 9.88% of the company's stock.
About American Battery Technology
(
Get Free Report)
American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.
Further Reading

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