Wall Street Zen Upgrades China BAK Battery (NASDAQ:CBAT) to Hold

China BAK Battery (NASDAQ:CBAT) was upgraded by Wall Street Zen to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China BAK Battery in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

China BAK Battery Price Performance

CBAT opened at $1.25 on Friday. China BAK Battery has a 12-month low of $0.46 and a 12-month high of $1.55. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $0.83 and its 200-day simple moving average is $0.78. The company has a market capitalization of $110.81 million, a price-to-earnings ratio of -6.94 and a beta of 1.50.

China BAK Battery Company Profile

China BAK Battery, Inc is a battery manufacturer headquartered in Dalian, China, and its shares trade on the Nasdaq under the symbol CBAT. The company develops and produces rechargeable lithium-ion battery cells, battery packs and related energy-storage products.

Its products are designed for applications including electric vehicles, electric bicycles and other light electric vehicles, consumer electronics, power tools, uninterruptible power supplies and stationary energy-storage systems.