ProShare Advisors LLC Acquires Shares of 16,638 American Battery Technology Company $ABAT

ProShare Advisors LLC bought a new position in American Battery Technology Company (NASDAQ:ABAT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,638 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. XTX Topco Ltd bought a new stake in American Battery Technology during the first quarter worth $144,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of American Battery Technology during the 1st quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of American Battery Technology during the 1st quarter worth $58,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of American Battery Technology in the 1st quarter worth about $27,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ABAT shares. Wall Street Zen lowered shares of American Battery Technology from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Battery Technology in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

American Battery Technology Stock Up 1.1%

Shares of NASDAQ:ABAT opened at $3.56 on Wednesday. The firm has a market capitalization of $462.69 million, a PE ratio of -6.98 and a beta of -1.64. The company has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $3.01. American Battery Technology Company has a twelve month low of $0.83 and a twelve month high of $11.49.

American Battery Technology (NASDAQ:ABAT) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. American Battery Technology had a negative net margin of 902.69% and a negative return on equity of 59.93%. The business had revenue of $0.94 million for the quarter.

American Battery Technology Company Profile

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.