American Battery Technology (NASDAQ:ABAT) COO Steven Wu Sells 12,333 Shares

American Battery Technology Company (NASDAQ:ABAT) COO Steven Wu sold 12,333 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $4.05, for a total value of $49,948.65. Following the sale, the chief operating officer owned 286,236 shares in the company, valued at $1,159,255.80. The trade was a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Battery Technology Price Performance

Shares of ABAT stock traded up $0.08 on Monday, reaching $4.23. 5,690,174 shares of the stock were exchanged, compared to its average volume of 5,897,710. American Battery Technology Company has a one year low of $0.83 and a one year high of $11.49. The stock has a market cap of $549.77 million, a PE ratio of -8.29 and a beta of -1.41. The stock has a 50 day moving average price of $4.94 and a 200 day moving average price of $3.14.

American Battery Technology (NASDAQ:ABAT) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. American Battery Technology had a negative return on equity of 59.93% and a negative net margin of 902.69%.The company had revenue of $0.94 million for the quarter.

Institutional Investors Weigh In On American Battery Technology

A number of large investors have recently modified their holdings of the business. Millennium Management LLC boosted its position in American Battery Technology by 8,555.4% during the 3rd quarter. Millennium Management LLC now owns 1,205,614 shares of the company’s stock worth $5,859,000 after buying an additional 1,191,685 shares during the period. Geode Capital Management LLC raised its stake in shares of American Battery Technology by 113.8% during the second quarter. Geode Capital Management LLC now owns 1,935,526 shares of the company’s stock valued at $3,136,000 after acquiring an additional 1,030,323 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of American Battery Technology by 18.7% in the third quarter. Vanguard Group Inc. now owns 5,277,095 shares of the company’s stock worth $25,647,000 after acquiring an additional 829,609 shares during the period. Soviero Asset Management LP bought a new stake in American Battery Technology in the third quarter valued at approximately $3,062,000. Finally, Raymond James Financial Inc. increased its position in American Battery Technology by 833.3% during the 3rd quarter. Raymond James Financial Inc. now owns 396,125 shares of the company’s stock valued at $1,925,000 after purchasing an additional 353,681 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ABAT shares. Wall Street Zen lowered shares of American Battery Technology from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Battery Technology in a research note on Monday, December 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

American Battery Technology Company Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.