Highpower International Inc(NASDAQ:HPJ) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.12.
Highpower International Inc (HPJ) shares turned negative on Fridays trading session with the shares closing down -0.045 points or -1.25% at a volume of 86,540. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.6. The peak price level was also seen at $3.6 while the days lowest was $3.45. Finally the shares closed at $3.55. The 52-week high of the shares is $4 while the 52-week low is $1.65. According to the latest information available, the market cap of the company is $54 M.
Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Wen Wei Ma (VP of Manufacturing) sold 24,000 shares at $4.44 per share price.
Highpower International Inc. is a company through its subsidiaries engaged in the manufacturing and trading of nickel metal hydride rechargeable batteries. The Company manufactures Nickel Metal Hydride (Ni-MH) batteries for both consumer and industrial applications. It is engaged in research and manufacturing of batteries; processing marketing and research of battery materials and research and production of advanced battery packs and systems. It produces batteries falling into two main categories: Consumer Batteries which are relative to ordinary Ni-Cad rechargeable batteries as well as their non-rechargeable counterparts and Industrial Batteries which are designed for electric bikes power tools and electric toys. The Company produces A AA and AAA sized batteries in blister packing as well as chargers and battery packs. It also recycles scrap battery materials through outsourcing and resells the recycled materials to some of its customers.