CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) issued its earnings results on Monday. The electronics maker reported ($0.02) EPS for the quarter, RTT News reports. The firm had revenue of $34.94 million during the quarter, compared to analyst estimates of $52.16 million. CBAK Energy Technology had a return on equity of 10.55% and a net margin of 6.25%.
CBAK Energy Technology Price Performance
Shares of NASDAQ CBAT traded up $0.03 during mid-day trading on Wednesday, hitting $0.86. The company had a trading volume of 221,265 shares, compared to its average volume of 315,078. The stock has a market cap of $76.99 million, a price-to-earnings ratio of 7.13 and a beta of 1.66. CBAK Energy Technology has a 12 month low of $0.57 and a 12 month high of $2.08. The firm's 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.87.
Institutional Trading of CBAK Energy Technology
An institutional investor recently raised its position in CBAK Energy Technology stock. Empowered Funds LLC increased its stake in CBAK Energy Technology, Inc. (NASDAQ:CBAT - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 355,536 shares of the electronics maker's stock after purchasing an additional 28,411 shares during the period. Empowered Funds LLC owned 0.40% of CBAK Energy Technology worth $283,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.97% of the company's stock.
CBAK Energy Technology Company Profile
(
Get Free Report)
CBAK Energy Technology, Inc, together with its subsidiaries, manufacture, commercialization, and distribution of lithium ion high power rechargeable batteries in Mainland China, the United States, Europe, and internationally. The company operates in two segments, CBAK and Hitrans. Its lithium batteries are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles, such as electric bicycles, electric motors, electric tricycles, and smaller-sized electric cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.
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