CBAK Energy Technology (CBAT) Set to Announce Earnings on Friday

CBAK Energy Technology (NASDAQ:CBAT) will be releasing its earnings data before the market opens on Friday, May 10th. Analysts expect CBAK Energy Technology to post earnings of ($0.01) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CBAK Energy Technology (NASDAQ:CBAT) last issued its quarterly earnings results on Friday, March 15th. The electronics maker reported ($0.06) EPS for the quarter. The firm had revenue of $56.18 million during the quarter, compared to analysts’ expectations of $58.86 million. CBAK Energy Technology had a negative net margin of 0.50% and a negative return on equity of 0.86%. On average, analysts expect CBAK Energy Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CBAK Energy Technology Stock Performance

Shares of NASDAQ:CBAT opened at $1.12 on Thursday. The company has a market cap of $100.26 million, a PE ratio of -27.88 and a beta of 1.82. CBAK Energy Technology has a 52 week low of $0.75 and a 52 week high of $1.45. The firm has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $1.00.

CBAK Energy Technology 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.