CBAK Energy Technology Inc (NASDAQ:CBAT) CEO Yunfei Li Purchases 2,938,067 Shares
CBAK Energy Technology Inc (NASDAQ:CBAT) CEO Yunfei Li acquired 2,938,067 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of $1.05 per share, with a total value of $3,084,970.35.
Shares of NASDAQ:CBAT opened at $0.93 on Thursday. The business has a 50-day moving average price of $0.84 and a 200 day moving average price of $0.94. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.53 and a quick ratio of 0.43. CBAK Energy Technology Inc has a 12-month low of $0.23 and a 12-month high of $1.23.
A hedge fund recently bought a new stake in CBAK Energy Technology stock. Citadel Advisors LLC bought a new stake in shares of CBAK Energy Technology Inc (NASDAQ:CBAT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 530,872 shares of the company’s stock, valued at approximately $496,000. Citadel Advisors LLC owned 1.67% of CBAK Energy Technology at the end of the most recent reporting period. 1.91% of the stock is currently owned by institutional investors.
CBAK Energy Technology, Inc, through its subsidiaries, develops, manufactures, and sells lithium batteries in the People's Republic of China, Europe, South Korea, and Israel. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.
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