TheStreet upgraded shares of China BAK Battery Inc. (NASDAQ:CBAK) from a sell rating to a hold rating in a report issued on Monday morning, MarketBeat reports.

Shares of China BAK Battery (NASDAQ:CBAK) traded down 1.93% during mid-day trading on Monday, hitting $2.03. 7,437 shares of the company’s stock traded hands. China BAK Battery has a 1-year low of $1.49 and a 1-year high of $4.87. The stock has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.66. The stock has a market cap of $34.80 million and a P/E ratio of 1.65.

China BAK Battery, Inc. (NASDAQ:CBAK), incorporated on October 4, 1999, is a global manufacturer of lithium-based battery cells. The Company produce battery cells for original equipment manufacturer (OEM) customers and replacement battery manufacturers that are the principal component of rechargeable batteries commonly used to power cellular phones and smartphones; notebook computers, tablet computers and e-book readers; portable consumer electronics, such as digital cameras, portable media players, portable gaming devices, personal digital assistants, or personal digital assistants (PDAs), camcorders, digital cameras and Bluetooth headsets; and electric bicycles and other light electric vehicles, hybrid electric vehicles and other electric vehicles; cordless power tools; and uninterruptible power supplies (UPS). Its products are packed into batteries by third-party battery pack manufacturers in accordance with the specifications of manufacturers of portable electronic applications.

12 Month Chart for NASDAQ:CBAK

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