American Battery Technology (NASDAQ:ABAT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Battery Technology (NASDAQ:ABAT) from a sell rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Battery Technology in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Battery Technology presently has an average rating of “Sell”.

American Battery Technology Price Performance

ABAT stock opened at $9.22 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of -15.63 and a beta of -1.64. The company’s 50-day moving average is $3.40 and its 200-day moving average is $2.19. American Battery Technology has a 1 year low of $0.73 and a 1 year high of $10.18.

American Battery Technology (NASDAQ:ABAT) last released its quarterly earnings data on Thursday, September 18th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $2.78 million for the quarter. American Battery Technology had a negative return on equity of 67.35% and a negative net margin of 1,090.07%.

Hedge Funds Weigh In On American Battery Technology

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in American Battery Technology by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,935,526 shares of the company’s stock worth $3,136,000 after acquiring an additional 1,030,323 shares during the last quarter. Chico Wealth RIA purchased a new position in American Battery Technology during the 1st quarter worth $206,000. XTX Topco Ltd purchased a new stake in American Battery Technology in the 1st quarter valued at about $144,000. Tcfg Wealth Management LLC purchased a new stake in American Battery Technology in the 1st quarter valued at about $96,000. Finally, New York State Common Retirement Fund purchased a new stake in American Battery Technology in the 2nd quarter valued at about $120,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.