CBAK Energy Technology (NASDAQ:CBAT) Announces Quarterly Earnings Results

CBAK Energy Technology (NASDAQ:CBAT) posted its earnings results on Monday. The electronics maker reported ($0.02) EPS for the quarter, RTT News reports. CBAK Energy Technology had a return on equity of 10.55% and a net margin of 6.25%.

CBAK Energy Technology Trading Down 0.5%

Shares of NASDAQ:CBAT opened at $0.87 on Monday. The company has a 50 day moving average of $0.78 and a 200-day moving average of $0.87. The firm has a market cap of $78.43 million, a P/E ratio of 7.27 and a beta of 1.66. CBAK Energy Technology has a twelve month low of $0.57 and a twelve month high of $2.08.

Institutional Trading of CBAK Energy Technology

An institutional investor recently raised its position in CBAK Energy Technology stock. Empowered Funds LLC lifted its stake in CBAK Energy Technology, Inc. (NASDAQ:CBAT) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,536 shares of the electronics maker’s stock after acquiring an additional 28,411 shares during the period. Empowered Funds LLC owned 0.40% of CBAK Energy Technology worth $283,000 as of its most recent filing with the Securities and Exchange Commission. 1.97% of the stock is currently owned by institutional investors.

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.