China BAK Battery (NASDAQ:CBAT) Stock Breaks Above 200 Day Moving Average – Should You Sell?

China BAK Battery, Inc. (NASDAQ:CBAT) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.84 and traded as high as $0.9290. China BAK Battery shares last traded at $0.87, with a volume of 64,255 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on CBAT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of China BAK Battery in a research report on Thursday, October 15th. Wall Street Zen raised shares of China BAK Battery to a “hold” rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

China BAK Battery Trading Up 4.3%

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.65 and a quick ratio of 0.44. The company’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $0.84. The stock has a market capitalization of $86.94 million, a PE ratio of -5.45 and a beta of 1.37.

China BAK Battery Company Profile

China BAK Battery, Inc, operating as CBAK Energy Technology, develops and manufactures rechargeable lithium-ion batteries and battery systems. The company’s product portfolio has included cylindrical battery cells, battery modules and customized battery packs designed for applications that require portable or stationary energy storage.

Its products serve markets such as electric vehicles, light electric vehicles, power tools, uninterruptible power supplies and renewable-energy storage.