China BAK Battery (NASDAQ:CBAT) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

China BAK Battery, Inc. (NASDAQ:CBAT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.80 and traded as low as $0.4878. China BAK Battery shares last traded at $0.5004, with a volume of 113,423 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, China BAK Battery presently has an average rating of “Sell”.

China BAK Battery Trading Down 4.0%

The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.80. The stock has a market cap of $44.36 million, a price-to-earnings ratio of -2.78 and a beta of 1.31.

China BAK Battery (NASDAQ:CBAT) last issued its earnings results on Monday, May 18th. The electronics maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $69.62 million during the quarter, compared to analyst estimates of $70.23 million. China BAK Battery had a negative net margin of 7.43% and a negative return on equity of 15.32%. Equities analysts anticipate that China BAK Battery, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in China BAK Battery stock. Empowered Funds LLC boosted its stake in China BAK Battery, Inc. (NASDAQ:CBAT) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,536 shares of the electronics maker’s stock after buying an additional 28,411 shares during the period. Empowered Funds LLC owned 0.40% of China BAK Battery worth $283,000 as of its most recent SEC filing. 1.97% of the stock is owned by institutional investors.

China BAK Battery Company Profile

China BAK Battery Inc (NASDAQ: CBAT) is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company’s core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients.

Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America.