CBAK Energy Technology, Inc. (NASDAQ:CBAT – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.96 and traded as high as $0.96. CBAK Energy Technology shares last traded at $0.93, with a volume of 66,475 shares changing hands.
CBAK Energy Technology Price Performance
The company has a market cap of $83.96 million, a PE ratio of -23.34 and a beta of 1.83. The company has a 50-day moving average price of $1.02 and a two-hundred day moving average price of $0.96.
CBAK Energy Technology (NASDAQ:CBAT – Get Free Report) last announced its earnings results on Friday, March 15th. The electronics maker reported ($0.06) earnings per share for the quarter. CBAK Energy Technology had a negative net margin of 0.50% and a negative return on equity of 0.86%. The business had revenue of $56.18 million for the quarter, compared to analyst estimates of $58.86 million. On average, equities research analysts anticipate that CBAK Energy Technology, Inc. will post 0.02 earnings per share for the current year.
Hedge Funds Weigh In On CBAK Energy Technology
About CBAK Energy Technology
CBAK Energy Technology, Inc, together with its subsidiaries, manufactures and sells lithium batteries in Mainland China, the United States, Europe, and internationally. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.
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