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

CBAK Energy Technology (NASDAQ:CBAT) is scheduled to be releasing its earnings data before the market opens on Friday, May 10th. Analysts expect CBAK Energy Technology to post earnings of ($0.01) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CBAK Energy Technology (NASDAQ:CBAT) last announced its quarterly earnings results on Friday, March 15th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter. CBAK Energy Technology had a negative net margin of 0.50% and a negative return on equity of 0.86%. The business had revenue of $56.18 million for the quarter, compared to the consensus estimate of $58.86 million. 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 Stock Performance

NASDAQ CBAT opened at $1.09 on Wednesday. The stock has a 50-day moving average of $1.03 and a 200 day moving average of $0.99. The company has a market capitalization of $98.01 million, a price-to-earnings ratio of -27.25 and a beta of 1.82. CBAK Energy Technology has a one year low of $0.75 and a one year high of $1.45.

About CBAK Energy Technology

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.