Empowered Funds LLC Has $307,000 Stock Holdings in CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Empowered Funds LLC grew its position in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,125 shares of the electronics maker’s stock after acquiring an additional 16,788 shares during the quarter. Empowered Funds LLC owned 0.36% of CBAK Energy Technology worth $307,000 at the end of the most recent reporting period.

Separately, XTX Topco Ltd bought a new stake in shares of CBAK Energy Technology in the third quarter worth $46,000. 1.97% of the stock is owned by hedge funds and other institutional investors.

CBAK Energy Technology Trading Down 2.2 %

Shares of CBAT opened at $0.87 on Friday. CBAK Energy Technology, Inc. has a 12 month low of $0.77 and a 12 month high of $2.08. The firm has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $0.98. The stock has a market capitalization of $78.21 million, a price-to-earnings ratio of 7.25 and a beta of 1.70.

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.