American Battery Technology’s (ABAT) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of American Battery Technology (NASDAQ:ABAT) in a research note issued to investors on Tuesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of American Battery Technology from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, American Battery Technology currently has an average rating of “Sell”.

American Battery Technology Trading Down 36.6%

Shares of ABAT stock opened at $5.67 on Tuesday. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $2.33. The company has a market cap of $669.34 million, a P/E ratio of -9.61 and a beta of -1.64. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $11.49.

American Battery Technology (NASDAQ:ABAT) last issued its earnings results on Thursday, September 18th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $2.78 million for the quarter. American Battery Technology had a negative return on equity of 67.35% and a negative net margin of 1,090.07%.

Hedge Funds Weigh In On American Battery Technology

Large investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC acquired a new position in American Battery Technology in the third quarter valued at $71,000. ProShare Advisors LLC acquired a new position in American Battery Technology in the second quarter valued at $27,000. Creative Planning boosted its stake in American Battery Technology by 35.8% in the second quarter. Creative Planning now owns 18,958 shares of the company’s stock valued at $31,000 after acquiring an additional 5,000 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in American Battery Technology in the second quarter valued at $36,000. Finally, Cetera Investment Advisers boosted its stake in American Battery Technology by 67.2% in the second quarter. Cetera Investment Advisers now owns 22,117 shares of the company’s stock valued at $36,000 after acquiring an additional 8,886 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

American Battery Technology Company Profile

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.