American Battery Technology (NASDAQ:ABAT – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Battery Technology in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Battery Technology presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on American Battery Technology
American Battery Technology Stock Up 38.6%
American Battery Technology (NASDAQ:ABAT – Get Free Report) last posted its quarterly earnings results on Thursday, September 18th. The company reported ($0.10) EPS for the quarter. American Battery Technology had a negative return on equity of 67.35% and a negative net margin of 1,090.07%.The company had revenue of $2.78 million during the quarter.
Institutional Investors Weigh In On American Battery Technology
Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of American Battery Technology in the 1st quarter valued at about $144,000. Chico Wealth RIA purchased a new stake in shares of American Battery Technology in the 1st quarter valued at about $206,000. Goldman Sachs Group Inc. purchased a new stake in shares of American Battery Technology in the 1st quarter valued at about $27,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of American Battery Technology in the 1st quarter valued at about $71,000. Finally, Bank of America Corp DE raised its holdings in shares of American Battery Technology by 2,724.5% in the 2nd quarter. Bank of America Corp DE now owns 26,183 shares of the company’s stock valued at $42,000 after acquiring an additional 25,256 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.
American Battery Technology Company Profile
American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.
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