China BAK Battery (NASDAQ:CBAT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.
China BAK Battery Price Performance
Shares of NASDAQ CBAT traded down $0.10 during midday trading on Friday, reaching $1.11. 488,050 shares of the stock traded hands, compared to its average volume of 298,379. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.64. The stock has a market capitalization of $99.83 million, a PE ratio of 8.54 and a beta of 1.73. China BAK Battery has a one year low of $0.57 and a one year high of $1.54. The company's 50 day moving average is $0.87 and its 200 day moving average is $0.87.
China BAK Battery (NASDAQ:CBAT - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The electronics maker reported ($0.02) EPS for the quarter. China BAK Battery had a net margin of 0.25% and a return on equity of 0.30%. The business had revenue of $34.94 million for the quarter, compared to the consensus estimate of $52.16 million. On average, equities research analysts anticipate that China BAK Battery will post 0.19 earnings per share for the current year.
Institutional Investors Weigh In On China BAK Battery
Several institutional investors have recently modified their holdings of CBAT. Empowered Funds LLC lifted its position in China BAK Battery by 5.4% in the fourth quarter. Empowered Funds LLC now owns 327,125 shares of the electronics maker's stock worth $307,000 after buying an additional 16,788 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of China BAK Battery in the 4th quarter worth about $96,000. Bridgeway Capital Management LLC lifted its holdings in shares of China BAK Battery by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 687,125 shares of the electronics maker's stock worth $646,000 after acquiring an additional 16,788 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of China BAK Battery in the 1st quarter worth about $27,000. 1.97% of the stock is owned by institutional investors.
China BAK Battery 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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