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TheStreet Wire

Advanced Battery Stock Hits New 52-Week Low (ABAT)

By TheStreet Wire 05/05/11 - 10:10 AM EDT

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NEW YORK (TheStreet) -- Advanced Battery Technologies (Nasdaq:ABAT) hit a new 52-week low Thursday as it is currently trading at $1.49, below its previous 52-week high of $4.35 with 288,190 shares traded as of 9:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Advanced Battery has a market cap of $129.9 million and is part of the industrial goods sector and industrial industry. Shares are down 59.2% year to date as of the close of trading on Wednesday.

Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in the United States, Europe, and Asia. The company has a P/E ratio of 3.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Advanced Battery as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Advanced Battery Ratings Report.

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