China BAK Battery, Inc. (NASDAQ:CBAT – Free Report) – Analysts at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for China BAK Battery in a note issued to investors on Tuesday, August 11th. Zacks Research analyst B. Lantier now expects that the electronics maker will earn ($0.12) per share for the year, down from their previous estimate of ($0.11). The consensus estimate for China BAK Battery’s current full-year earnings is ($0.12) per share.
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China BAK Battery in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
China BAK Battery Stock Performance
NASDAQ CBAT opened at $0.73 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.65 and a quick ratio of 0.44. The firm has a market capitalization of $64.87 million, a price-to-earnings ratio of -4.06 and a beta of 1.35. The company’s fifty day moving average is $0.60 and its two-hundred day moving average is $0.77. China BAK Battery has a 52-week low of $0.46 and a 52-week high of $1.24.
China BAK Battery (NASDAQ:CBAT – Get Free Report) last announced its earnings results on Monday, May 18th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $69.62 million for the quarter, compared to the consensus estimate of $70.23 million. China BAK Battery had a negative return on equity of 15.32% and a negative net margin of 7.43%.
Institutional Investors Weigh In On China BAK Battery
A hedge fund recently raised its position in China BAK Battery stock. Empowered Funds LLC raised its stake in shares of China BAK Battery, Inc. (NASDAQ:CBAT – Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,536 shares of the electronics maker’s stock after purchasing an additional 28,411 shares during the quarter. Empowered Funds LLC owned 0.40% of China BAK Battery worth $283,000 as of its most recent filing with the Securities and Exchange Commission. 1.97% of the stock is owned by institutional investors and hedge funds.
About China BAK Battery
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.
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