Empowered Funds LLC Increases Holdings in CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Empowered Funds LLC raised its stake in CBAK Energy Technology, Inc. (NASDAQ:CBAT) by 5.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 310,337 shares of the electronics maker’s stock after acquiring an additional 15,812 shares during the quarter. Empowered Funds LLC’s holdings in CBAK Energy Technology were worth $388,000 as of its most recent SEC filing.

Separately, Marshall Wace LLP acquired a new stake in shares of CBAK Energy Technology in the second quarter valued at about $171,000. 1.97% of the stock is currently owned by institutional investors.

CBAK Energy Technology Stock Performance

Shares of NASDAQ:CBAT opened at $0.90 on Tuesday. The company has a market cap of $80.94 million, a P/E ratio of 7.50 and a beta of 1.91. CBAK Energy Technology, Inc. has a one year low of $0.81 and a one year high of $2.08. The business’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.19.

CBAK Energy Technology 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.