CBAK Energy Technology (CBAT) Set to Announce Earnings on Friday

CBAK Energy Technology (NASDAQ:CBAT) will post its quarterly earnings results before the market opens on Friday, August 9th. Analysts expect CBAK Energy Technology to post earnings of $0.07 per share for the quarter.

CBAK Energy Technology (NASDAQ:CBAT) last posted its earnings results on Friday, May 10th. The electronics maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. CBAK Energy Technology had a net margin of 4.62% and a return on equity of 8.71%. The company had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $62.78 million. On average, analysts expect CBAK Energy Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CBAK Energy Technology Trading Down 4.1 %

NASDAQ CBAT traded down $0.05 during trading hours on Friday, reaching $1.16. The company had a trading volume of 133,593 shares, compared to its average volume of 203,693. The stock has a 50-day moving average of $1.41 and a 200 day moving average of $1.18. CBAK Energy Technology has a 1-year low of $0.76 and a 1-year high of $2.08. The stock has a market capitalization of $104.77 million, a P/E ratio of 13.50 and a beta of 1.95.

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.