CBAK Energy Technology (CBAT) Scheduled to Post Quarterly Earnings on Friday

CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) will be issuing its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $56.18 million during the quarter, compared to analyst estimates of $58.86 million. CBAK Energy Technology had a negative net margin of 0.50% and a negative return on equity of 0.86%. On average, analysts expect CBAK Energy Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CBAK Energy Technology Price Performance

Shares of NASDAQ:CBAT traded up $0.03 during mid-day trading on Friday, hitting $1.13. The company had a trading volume of 152,933 shares, compared to its average volume of 119,656. The company has a market capitalization of $101.16 million, a PE ratio of -28.13 and a beta of 1.82. CBAK Energy Technology has a one year low of $0.74 and a one year high of $1.45. The firm has a fifty day moving average price of $1.03 and a 200 day moving average price of $0.99.

CBAK Energy Technology Company Profile

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.