Advanced Battery Stock Hits New 52-Week Low (ABAT)
Advanced Battery Technologies (Nasdaq:ABAT) hit a new 52-week low Friday as it is currently trading at $1.15, below its previous 52-week low of $1.16 with 911,900 shares traded as of 3:40 p.m. ET. Average volume has been 2.8 million shares over the past 30 days.
NEW YORK ( TheStreet) -- Advanced Battery Technologies (Nasdaq: ABAT) hit a new 52-week low Friday as it is currently trading at $1.15, below its previous 52-week low of $1.16 with 911,900 shares traded as of 3:40 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. Advanced Battery has a market cap of $88.9 million and is part of the industrial goods sector and industrial industry. Shares are down 69.1% year to date as of the close of trading on Thursday. 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 two, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
Practice your ABAT trading strategies and win cash in our stock game.
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. See all 52-week low stocks or get investment ideas from our investment research center.
Shares of Advanced Battery Technologies (Nasdaq:ABAT) have taken a tremendous swing upward. The stock is trading at $1.55 as of three p.m. ET, 20.2% above Friday's closing price of $1.29. Volume is at 3.1 million, 1.2 times the daily average of 2.6 million.