CBAK Energy Technology (CBAT) Set to Announce Earnings on Friday

CBAK Energy Technology (NASDAQ:CBAT) is set to post its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect CBAK Energy Technology to post earnings of ($0.01) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

CBAK Energy Technology (NASDAQ:CBAT) last issued its quarterly earnings data on Friday, March 15th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $56.18 million for the quarter, compared to analyst estimates of $58.86 million. CBAK Energy Technology had a negative return on equity of 0.86% and a negative net margin of 0.50%. On average, analysts expect CBAK Energy Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CBAK Energy Technology Trading Up 2.3 %

Shares of NASDAQ:CBAT opened at $1.12 on Thursday. The company has a market capitalization of $100.26 million, a price-to-earnings ratio of -27.88 and a beta of 1.82. The business has a 50-day moving average price of $1.03 and a 200 day moving average price of $1.00. CBAK Energy Technology has a 12-month low of $0.75 and a 12-month high of $1.45.

CBAK Energy Technology Company Profile

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.