CBAK Energy Technology Inc (NASDAQ:CBAT) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.81 and traded as low as $0.81. CBAK Energy Technology shares last traded at $0.81, with a volume of 297 shares changing hands.

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market capitalization of $37.92 million, a P/E ratio of -2.28 and a beta of 4.03. The firm has a 50 day moving average of $1.03 and a 200-day moving average of $0.81.

CBAK Energy Technology (NASDAQ:CBAT) last issued its quarterly earnings results on Tuesday, November 19th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter. CBAK Energy Technology had a negative net margin of 39.75% and a negative return on equity of 204.91%. The firm had revenue of $8.09 million for the quarter.

A hedge fund recently bought a new stake in CBAK Energy Technology stock. Citadel Advisors LLC purchased a new stake in shares of CBAK Energy Technology Inc (NASDAQ:CBAT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 530,872 shares of the electronics maker’s stock, valued at approximately $496,000. Citadel Advisors LLC owned 1.67% of CBAK Energy Technology as of its most recent SEC filing. 1.85% of the stock is currently owned by hedge funds and other institutional investors.

About CBAK Energy Technology (NASDAQ:CBAT)

CBAK Energy Technology, Inc, through its subsidiaries, develops, manufactures, and sells lithium batteries in the People's Republic of China, Europe, South Korea, and Israel. 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.

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