Stock Mover of the Day: China Bak Battery Inc (NASDAQ:CBAK) Institutional Investor Positioning Change

November 21, 2016 - By Richard Conner   ·   0 Comments

Stock Mover of the Day: China Bak Battery Inc (NASDAQ:CBAK) Institutional Investor Positioning Change

Sentiment for China Bak Battery Inc (NASDAQ:CBAK)

China Bak Battery Inc (NASDAQ:CBAK) institutional sentiment increased to 4 in 2016 Q2. Its up 3.75, from 0.25 in 2016Q1. The ratio is positive, as 1 investment managers increased or opened new equity positions, while 4 sold and reduced their equity positions in China Bak Battery Inc. The investment managers in our partner’s database reported: 171,925 shares, up from 107,973 shares in 2016Q1. Also, the number of investment managers holding China Bak Battery Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 1 Increased: 1 New Position: 0.

China BAK Battery, Inc., through its subsidiaries, is engaged in the manufacture, commercialization and distribution of various standard and customized lithium ion high power rechargeable batteries. The company has a market cap of $43.43 million. The Company’s products are sold to packing plants for use in mobile phones and other electronic devices. It currently has negative earnings. The Firm produces Li-ion products for use in cellular telephones, as well as various other portable electronic applications, including high-power handset telephones, laptop computers, power tools, digital cameras, video camcorders, moving picture experts group layer-3 audio (MP3) players, electric bicycles, hybrid/electric vehicles and general industrial applications.

The stock increased 5.26% or $0.1 on November 18, hitting $2. China BAK Battery Inc. (NASDAQ:CBAK) has declined 25.37% since April 19, 2016 and is downtrending. It has underperformed by 29.23% the S&P500.

According to Zacks Investment Research, “China BAK Battery, Inc. is one of the largest manufacturers of lithium-based battery cells in China and in the world. It produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers, cordless power tools and portable consumer electronics, such as digital media devices, portable media players, portable audio players, portable gaming devices and PDAs. China BAK Battery, Inc.’s one.nine million square feet facilities are located in Shenzhen, PRC, and have been recently expanded to produce new products. China BAK Battery, Inc. is the largest manufacturer of lithium-ion battery cells for China’s cellular phone replacement battery market.”

Global X Management Co Llc holds 0.02% of its portfolio in China BAK Battery Inc. for 152,562 shares. Bank Of America Corp De owns 126 shares or 0% of their US portfolio. Moreover, Barclays Plc has 0% invested in the company for 97 shares. The California-based California Public Employees Retirement System has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 1,000 shares.#img1#

CBAK Company Profile

China BAK Battery, Inc., incorporated on October 4, 1999, through its subsidiaries, is engaged in the manufacture, commercialization and distribution of various standard and customized lithium ion (Li-ion or Li-ion cell) high power rechargeable batteries. The Company’s products are sold to packing plants for use in mobile phones and other electronic devices. The Firm sells high power lithium batteries, which are used in applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses; light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications. The Company’s clients include electric vehicle manufacturers, electric bicycle manufacturers, battery pack manufacturers, and manufacturers in UPS and other applications. The Firm has activities in Taiwan; Mainland China; Hong Kong, China, and India, among others.

More important recent China BAK Battery Inc. (NASDAQ:CBAK) news were published by: Quotes.Wsj.com which released: “News China BAK Battery Inc.CBAK” on February 12, 2011, also Thestreet.com published article titled: “Why China Bak Battery (CBAK) Hit a One-Year High Today”, Seekingalpha.com published: “China BAK Battery: Don’t Be Fooled (CBAK)” on December 15, 2014. More interesting news about China BAK Battery Inc. (NASDAQ:CBAK) was released by: Equitiesfocus.com and their article: “China BAK Battery, Inc. (NASDAQ:CBAK) Quarterly EPS From Continuing Operations …” with publication date: November 14, 2016.

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By Richard Conner


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