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

Empowered Funds LLC increased its position in shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 310,337 shares of the electronics maker’s stock after acquiring an additional 15,812 shares during the quarter. Empowered Funds LLC owned approximately 0.35% of CBAK Energy Technology worth $388,000 as of its most recent filing with the SEC.

Separately, Marshall Wace LLP purchased a new stake in CBAK Energy Technology in the 2nd quarter valued at about $171,000. Institutional investors own 1.97% of the company’s stock.

CBAK Energy Technology Price Performance

Shares of CBAT stock opened at $0.90 on Tuesday. The firm’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.19. CBAK Energy Technology, Inc. has a 1-year low of $0.81 and a 1-year high of $2.08. The firm has a market cap of $80.94 million, a P/E ratio of 7.50 and a beta of 1.91.

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.