China BAK Battery (NASDAQ:CBAT) Announces Quarterly Earnings Results

China BAK Battery (NASDAQ:CBAT) issued its quarterly earnings data on Monday. The electronics maker reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07, Zacks reports. China BAK Battery had a negative net margin of 6.29% and a negative return on equity of 7.54%.

China BAK Battery Price Performance

NASDAQ CBAT opened at $0.92 on Monday. The stock has a market cap of $81.11 million, a price-to-earnings ratio of -9.15 and a beta of 2.83. China BAK Battery has a 52-week low of $0.57 and a 52-week high of $1.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 0.72. The business has a 50 day simple moving average of $0.93 and a 200 day simple moving average of $0.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China BAK Battery in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of China BAK Battery

An institutional investor recently raised its position in China BAK Battery stock. Empowered Funds LLC boosted its position in China BAK Battery, Inc. (NASDAQ:CBAT) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355,536 shares of the electronics maker’s stock after buying an additional 28,411 shares during the quarter. Empowered Funds LLC owned approximately 0.40% of China BAK Battery worth $283,000 as of its most recent filing with the SEC. Institutional investors own 1.97% of the company’s stock.

China BAK Battery Company Profile

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.