EA Series Trust Purchases Shares of 211,073 CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Posted by on Oct 24th, 2023

EA Series Trust acquired a new position in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 211,073 shares of the electronics maker’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ergoteles LLC bought a new stake in CBAK Energy Technology in the 1st quarter valued at $29,000. UBS Group AG acquired a new position in shares of CBAK Energy Technology in the fourth quarter valued at about $36,000. NewEdge Advisors LLC bought a new position in CBAK Energy Technology during the first quarter worth about $33,000. James Investment Research Inc. acquired a new stake in CBAK Energy Technology in the 1st quarter worth about $33,000. Finally, Morgan Stanley boosted its holdings in CBAK Energy Technology by 30.2% in the 4th quarter. Morgan Stanley now owns 42,974 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 9,980 shares during the period. Institutional investors and hedge funds own 1.64% of the company’s stock.

CBAK Energy Technology Stock Down 0.8 %

Shares of NASDAQ:CBAT opened at $0.79 on Tuesday. CBAK Energy Technology, Inc. has a 12-month low of $0.74 and a 12-month high of $1.44. The company’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $0.98. The firm has a market cap of $71.02 million, a PE ratio of -4.67 and a beta of 2.77.

CBAK Energy Technology (NASDAQ:CBAT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The electronics maker reported ($0.03) EPS for the quarter. The company had revenue of $42.42 million for the quarter. CBAK Energy Technology had a negative return on equity of 8.14% and a negative net margin of 7.62%. On average, research analysts expect that CBAK Energy Technology, Inc. will post -0.11 EPS for the current year.

CBAK Energy Technology Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CBAK Energy Technology (NASDAQ:CBAT)

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