CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) is set to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect CBAK Energy Technology to post earnings of $0.07 per share for the quarter.
CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The electronics maker reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. CBAK Energy Technology had a net margin of 8.52% and a return on equity of 16.04%. The business had revenue of $47.79 million for the quarter, compared to analysts' expectations of $62.57 million. During the same period in the previous year, the firm posted ($0.03) EPS. 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 Stock Performance
CBAK Energy Technology stock traded up $0.02 during midday trading on Tuesday, reaching $1.13. The stock had a trading volume of 227,578 shares, compared to its average volume of 211,602. The stock has a market capitalization of $101.18 million, a P/E ratio of 5.82 and a beta of 1.91. The firm's fifty day simple moving average is $1.06 and its 200-day simple moving average is $1.20. CBAK Energy Technology has a 1-year low of $0.79 and a 1-year high of $2.08.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CBAK Energy Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CBAK Energy Technology wasn't on the list.
While CBAK Energy Technology currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
