CBAK Energy Technology (NASDAQ:CBAT) Issues Quarterly Earnings Results

CBAK Energy Technology (NASDAQ:CBAT) posted its quarterly earnings data on Monday. The electronics maker reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06), Zacks reports. The company had revenue of $25.37 million during the quarter, compared to analyst estimates of $50.11 million. CBAK Energy Technology had a net margin of 6.25% and a return on equity of 10.55%.

CBAK Energy Technology Price Performance

Shares of NASDAQ:CBAT opened at $0.87 on Wednesday. CBAK Energy Technology has a one year low of $0.77 and a one year high of $2.08. The company has a 50 day moving average of $0.89 and a 200-day moving average of $0.96. The stock has a market cap of $78.02 million, a price-to-earnings ratio of 7.23 and a beta of 1.59.

About CBAK Energy Technology

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.