Marshall Wace LLP Makes New $171,000 Investment in CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Marshall Wace LLP purchased a new stake in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 124,698 shares of the electronics maker’s stock, valued at approximately $171,000. Marshall Wace LLP owned approximately 0.14% of CBAK Energy Technology at the end of the most recent reporting period.

Separately, Empowered Funds LLC raised its position in CBAK Energy Technology by 8.2% in the 1st quarter. Empowered Funds LLC now owns 273,285 shares of the electronics maker’s stock worth $284,000 after buying an additional 20,650 shares during the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.

CBAK Energy Technology Price Performance

Shares of NASDAQ CBAT opened at $1.12 on Friday. The firm’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.18. CBAK Energy Technology, Inc. has a 52-week low of $0.78 and a 52-week high of $2.08. The company has a market cap of $100.73 million, a PE ratio of 12.44 and a beta of 1.87.

CBAK Energy Technology (NASDAQ:CBAT) last issued its earnings results on Friday, August 9th. The electronics maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $47.79 million for the quarter, compared to analysts’ expectations of $62.57 million. CBAK Energy Technology had a net margin of 8.52% and a return on equity of 16.04%. During the same quarter last year, the company posted ($0.03) earnings per share. As a group, equities research analysts anticipate that CBAK Energy Technology, Inc. will post 0.31 EPS for the current fiscal year.

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.