CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) issued its quarterly earnings data on Monday. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06), Zacks reports. The firm had revenue of $25.37 million for the quarter, compared to the consensus estimate of $50.11 million. CBAK Energy Technology had a return on equity of 10.55% and a net margin of 6.25%.
CBAK Energy Technology Price Performance
CBAT traded down $0.01 during trading on Friday, hitting $0.82. The stock had a trading volume of 132,517 shares, compared to its average volume of 307,880. The company has a 50 day moving average price of $0.88 and a 200-day moving average price of $0.96. CBAK Energy Technology has a one year low of $0.77 and a one year high of $2.08. The firm has a market cap of $73.78 million, a price-to-earnings ratio of 6.84 and a beta of 1.59.
About CBAK Energy Technology
(
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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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