American Battery Technology’s (ABAT) Sell (E+) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of American Battery Technology (NASDAQ:ABAT) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of American Battery Technology from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

American Battery Technology Price Performance

NASDAQ:ABAT opened at $11.33 on Tuesday. The stock has a market cap of $1.34 billion, a P/E ratio of -19.20 and a beta of -1.64. American Battery Technology has a one year low of $0.73 and a one year high of $11.35. The company has a fifty day moving average price of $3.58 and a 200 day moving average price of $2.25.

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

Institutional Investors Weigh In On American Battery Technology

Several large investors have recently made changes to their positions in ABAT. ProShare Advisors LLC bought a new stake in American Battery Technology during the 2nd quarter worth about $27,000. Goldman Sachs Group Inc. bought a new stake in American Battery Technology during the 1st quarter worth about $27,000. Creative Planning grew its holdings in American Battery Technology by 35.8% during the 2nd quarter. Creative Planning now owns 18,958 shares of the company’s stock worth $31,000 after acquiring an additional 5,000 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in American Battery Technology during the 2nd quarter worth about $36,000. Finally, Cetera Investment Advisers grew its holdings in American Battery Technology by 67.2% during the 2nd quarter. Cetera Investment Advisers now owns 22,117 shares of the company’s stock worth $36,000 after acquiring an additional 8,886 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

About American Battery Technology

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.