Bridgeway Capital Management LLC Acquires 16,788 Shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Bridgeway Capital Management LLC increased its holdings in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 687,125 shares of the electronics maker’s stock after acquiring an additional 16,788 shares during the period. Bridgeway Capital Management LLC’s holdings in CBAK Energy Technology were worth $646,000 at the end of the most recent quarter.

Separately, Marshall Wace LLP bought a new position in shares of CBAK Energy Technology during the 4th quarter worth approximately $96,000. 1.97% of the stock is owned by institutional investors and hedge funds.

CBAK Energy Technology Stock Up 4.7%

Shares of CBAT stock opened at $0.90 on Monday. The firm has a 50 day moving average of $0.78 and a 200-day moving average of $0.88. The company has a market cap of $80.94 million, a price-to-earnings ratio of 7.50 and a beta of 1.66. CBAK Energy Technology, Inc. has a 52 week low of $0.57 and a 52 week high of $2.08.

CBAK Energy Technology (NASDAQ:CBAT) last issued its earnings results on Monday, March 17th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). CBAK Energy Technology had a return on equity of 10.55% and a net margin of 6.25%. The company had revenue of $25.37 million for the quarter, compared to the consensus estimate of $50.11 million. Analysts anticipate that CBAK Energy Technology, Inc. will post 0.19 earnings per share for the current year.

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.