Spark Investment Management LLC boosted its stake in Highpower International Inc (NASDAQ:HPJ) by 49.9% during the second quarter, Holdings Channel reports. The fund owned 137,300 shares of the technology company’s stock after buying an additional 45,700 shares during the period. Spark Investment Management LLC’s holdings in Highpower International were worth $501,000 at the end of the most recent quarter.

Shares of Highpower International Inc (NASDAQ HPJ) opened at 4.65 on Friday. Highpower International Inc has a 12-month low of $1.88 and a 12-month high of $6.00. The company has a market cap of $71.41 million, a PE ratio of 6.28 and a beta of 2.26. The company has a 50-day moving average of $4.21 and a 200 day moving average of $3.95.

Highpower International (NASDAQ:HPJ) last released its earnings results on Thursday, August 10th. The technology company reported $0.28 earnings per share for the quarter. Highpower International had a return on equity of 24.41% and a net margin of 5.61%. The business had revenue of $51.70 million for the quarter. On average, equities research analysts expect that Highpower International Inc will post $0.32 EPS for the current year.

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In other news, VP Wen Wei Ma sold 50,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $5.66, for a total transaction of $283,000.00. Following the transaction, the vice president now owns 850,897 shares of the company’s stock, valued at approximately $4,816,077.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wen Liang Li sold 44,225 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $5.12, for a total value of $226,432.00. Following the transaction, the director now directly owns 2,133,870 shares in the company, valued at approximately $10,925,414.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 501,787 shares of company stock worth $2,632,832. Insiders own 40.40% of the company’s stock.

Highpower International Company Profile

Highpower International, Inc, through its subsidiaries, is engaged in the manufacturing and marketing of nickel metal hydride rechargeable batteries (Ni-MH) and lithium batteries for both consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material.

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