American Battery Technology (NASDAQ:ABAT) Receives New Coverage from Analysts at Northland Securities

Northland Securities started coverage on shares of American Battery Technology (NASDAQ:ABAT) in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $6.00 price objective on the stock.

American Battery Technology Price Performance

Shares of ABAT stock opened at $1.60 on Wednesday. American Battery Technology has a 12 month low of $1.59 and a 12 month high of $18.00. The firm’s 50 day simple moving average is $2.28.

American Battery Technology (NASDAQ:ABAT) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On American Battery Technology

Institutional investors have recently bought and sold shares of the stock. Fortis Capital Management LLC purchased a new position in American Battery Technology during the third quarter valued at $420,000. Commonwealth Equity Services LLC bought a new position in American Battery Technology during the third quarter valued at $140,000. Grassi Investment Management bought a new position in American Battery Technology during the fourth quarter valued at $2,224,000. PNC Financial Services Group Inc. bought a new position in American Battery Technology during the third quarter valued at $29,000. Finally, Charles Schwab Investment Management Inc. bought a new position in American Battery Technology during the fourth quarter valued at $153,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

About American Battery Technology

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.