China BAK Battery (NASDAQ:CBAT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of China BAK Battery (NASDAQ:CBAT) to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated 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, According to MarketBeat.com, China BAK Battery presently has a consensus rating of “Sell”.

China BAK Battery Trading Down 9.6%

Shares of CBAT opened at $1.13 on Friday. China BAK Battery has a 52-week low of $0.46 and a 52-week high of $1.55. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $0.85 and its two-hundred day moving average is $0.78. The stock has a market cap of $100.17 million, a PE ratio of -6.28 and a beta of 1.50.

China BAK Battery Company Profile

China BAK Battery, Inc is a battery manufacturer headquartered in Dalian, China, and its shares trade on the Nasdaq under the symbol CBAT. The company develops and produces rechargeable lithium-ion battery cells, battery packs and related energy-storage products.

Its products are designed for applications including electric vehicles, electric bicycles and other light electric vehicles, consumer electronics, power tools, uninterruptible power supplies and stationary energy-storage systems.