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

NEW YORK ( TheStreet) -- Advanced Battery Technologies (Nasdaq: ABAT) hit a new 52-week low Wednesday as it is currently trading at $1.32, below its previous 52-week high of $4.35 with 418,038 shares traded as of 11:51 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Advanced Battery has a market cap of $109.6 million and is part of the industrial goods sector and industrial industry. Shares are down 64.2% year to date as of the close of trading on Tuesday.

Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries. The company operates in two segments, Batteries and Electric Vehicles. The company has a P/E ratio of 2.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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 weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Advanced Battery Ratings Report.

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