CBAK Energy Technology (NASDAQ:CBAT) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

CBAK Energy Technology (NASDAQ:CBAT) issued its quarterly earnings data on Monday. The electronics maker reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06), Zacks reports. CBAK Energy Technology had a return on equity of 10.55% and a net margin of 6.25%.

CBAK Energy Technology Stock Performance

NASDAQ CBAT opened at $0.85 on Tuesday. CBAK Energy Technology has a fifty-two week low of $0.77 and a fifty-two week high of $2.08. The company has a market cap of $76.46 million, a P/E ratio of 7.08 and a beta of 1.59. The business’s 50 day moving average price is $0.89 and its 200-day moving average price is $0.96.

About CBAK Energy Technology

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.