CBAK Energy Technology, Inc. (NASDAQ:CBAT - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.19 and traded as low as $1.06. CBAK Energy Technology shares last traded at $1.09, with a volume of 445,674 shares traded.
CBAK Energy Technology Price Performance
The stock has a market capitalization of $96.23 million, a price-to-earnings ratio of 12.11 and a beta of 1.87. The company has a 50-day simple moving average of $1.06 and a two-hundred day simple moving average of $1.19.
CBAK Energy Technology (NASDAQ:CBAT - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The electronics maker reported $0.07 earnings per share 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 firm had revenue of $47.79 million for the quarter, compared to the consensus estimate of $62.57 million. During the same period last year, the firm posted ($0.03) EPS. Research analysts anticipate that CBAK Energy Technology, Inc. will post 0.31 EPS for the current year.
Institutional Trading of CBAK Energy Technology
A hedge fund recently raised its stake in CBAK Energy Technology stock. Empowered Funds LLC lifted its stake in CBAK Energy Technology, Inc. (NASDAQ:CBAT - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,285 shares of the electronics maker's stock after acquiring an additional 20,650 shares during the period. Empowered Funds LLC owned 0.30% of CBAK Energy Technology worth $284,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.97% of the company's stock.
About CBAK Energy Technology
(
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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