CBAK Energy Technology, Inc. (NASDAQ:CBAT) recovered 339.66% of its value since hitting low of $0.23. The recent move of -3.77% drop pushed the stock to close at $1.02 when trading ended on 4/12/2019. At a recent session, the prices were hovering between $1.02 and $1.1. This company shares are 96.08% off its target price of $2 and the current market capitalization stands at $26.87M. The recent change has given its price a -4% deficit over SMA 50 and -27.14% deficit over its 52-week high. The stock witnessed -0.97% declines, 132.35% gains and 56.95% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CBAT’s volatility during a week at 5.68% and during a month it has been found around 6.47%.

CBAK Energy Technology, Inc. (CBAT) Top Holders

Institutional investors currently hold around $1 million or 3.6% in CBAT stock. Look at its top three institutional owners: Global X Management Co Llc owns $760 thousand in CBAK Energy Technology, Inc., which represents roughly 2.83% of the company’s market cap and approximately 76% of the institutional ownership. Similar statistics are true for the second largest owner, Virtu Financial Llc, which owns 82,023 shares of the stock are valued at $84 thousand. The third largest holder is Citadel Advisors Llc, which currently holds $65 thousand worth of this stock and that ownership represents nearly 0.24% of its market capitalization.

CBAK Energy Technology, Inc. 13F Filings

At the end of June reporting period, 5 institutional holders increased their position in CBAK Energy Technology, Inc. (NASDAQ:CBAT) by some 135,334 shares, 4 decreased positions by 722,329 and 2 held positions by 58,038. That puts total institutional holdings at 915,701 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 93,269 shares while 2 institutional investors sold out their entire positions totaling 681,743 shares.

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.