CBAK Energy Technology (NASDAQ:CBAT – Get Free Report) posted its quarterly earnings results on Monday. The electronics maker reported ($0.02) earnings per share for the quarter, RTT News reports. 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 Monday. The stock has a market capitalization of $78.43 million, a P/E ratio of 7.27 and a beta of 1.66. The company has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.87. CBAK Energy Technology has a 1 year low of $0.57 and a 1 year high of $2.08.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in CBAK Energy Technology stock. Empowered Funds LLC increased its position in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT – Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 355,536 shares of the electronics maker’s stock after purchasing an additional 28,411 shares during the quarter. Empowered Funds LLC owned approximately 0.40% of CBAK Energy Technology worth $283,000 as of its most recent SEC filing. 1.97% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than CBAK Energy Technology
- Energy and Oil Stocks Explained
- Best Value Stocks According to Morningstar in 2025
- Investing In Automotive Stocks
- Deere Powers Ahead: Q2 Beat, Analyst Boosts, More Upside
- How to start investing in penny stocks
- 3 Companies That Just Raised Dividends; 2 to Buy, 1 to Avoid
Receive News & Ratings for CBAK Energy Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBAK Energy Technology and related companies with MarketBeat.com's FREE daily email newsletter.
