Highpower International Inc (HPJ) Director Sells $46,515.00 in Stock
Highpower International Inc (NASDAQ:HPJ) Director Ping Li sold 10,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $4.43, for a total transaction of $46,515.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Highpower International Inc (NASDAQ:HPJ) traded down $0.20 on Thursday, hitting $4.10. 97,120 shares of the stock traded hands, compared to its average volume of 173,407. Highpower International Inc has a twelve month low of $2.00 and a twelve month high of $6.00. The company has a market capitalization of $68.63, a PE ratio of 5.33 and a beta of 2.32.
A hedge fund recently raised its stake in Highpower International stock. Spark Investment Management LLC increased its stake in shares of Highpower International Inc (NASDAQ:HPJ) by 49.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,300 shares of the technology company’s stock after purchasing an additional 45,700 shares during the quarter. Spark Investment Management LLC owned about 0.90% of Highpower International worth $501,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.18% of the company’s stock.
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Highpower International, Inc, through its subsidiaries, is engaged in the manufacturing and marketing of nickel metal hydride rechargeable batteries (Ni-MH) and lithium batteries for both consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material.
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