CBAK Energy Technology (NASDAQ:CBAT) Releases Earnings Results, Misses Expectations By $0.06 EPS

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

CBAK Energy Technology Trading Down 0.2 %

NASDAQ CBAT opened at $0.85 on Monday. CBAK Energy Technology has a 1 year low of $0.77 and a 1 year high of $2.08. The firm’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.96. The firm has a market capitalization of $76.45 million, a price-to-earnings ratio of 7.08 and a beta of 1.59.

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.