|Bid||3.5900 x 2900|
|Ask||3.6000 x 1300|
|Day's Range||3.5600 - 3.7200|
|52 Week Range||0.6000 - 11.4000|
|Beta (5Y Monthly)||3.37|
|PE Ratio (TTM)||10.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CBAK Energy Technology, Inc. ( NASDAQ:CBAT ) shareholders might be concerned after seeing the share price drop 11% in...
Shares of CBAK Energy Technology (NASDAQ: CBAT) stock jumped 12.3% as of 10 a.m. EDT Monday, after the Chinese maker of rechargeable batteries maker expressed an interest in trying its hand at fuel cells, too. This morning, CBAK announced it has signed a memorandum of cooperation with a "leading European hydrogen energy group with 100 years of operation history." The purpose of the cooperation, says CBAK, will be "to promote the development of hydrogen fuel cells ... including but not limited to such areas as hydrogen fuel cell production, hydrogen fuel cell stack, hydrogen transportation, hydrogen storage, hydrogen refueling stations, and more."
Chinese cutting-edge industrial technology stocks are rocking in Monday afternoon trading, with shares of CBAK Energy Technology (NASDAQ: CBAT), for example -- a maker of rechargeable batteries -- and EHang Holdings (NASDAQ: EH) -- a pioneer in futuristic flying cars -- rising 4.8% and 6%, respectively. Hong Kong-based investment bank AMTD International (NYSE: HKIB), too, is having a good day, and rising 9.3% through 12:40 p.m. EST. As Al-Jazeera reported over the weekend, China released data on its February exports on Sunday, which show the country's economy growing at a "record pace" and its "highest level in more than two decades," as the Chinese economy rebounds from its pandemic slump in 2020.