Highpower International Inc (NASDAQ:HPJ)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.24 and traded as high as $4.80. Highpower International shares last traded at $4.79, with a volume of 626,500 shares trading hands.

Separately, ValuEngine downgraded Highpower International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd.

The company has a market capitalization of $75.64 million, a price-to-earnings ratio of 4.53 and a beta of 1.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.71 and a current ratio of 1.00. The business has a 50 day moving average price of $4.75 and a 200-day moving average price of $4.24.

An institutional investor recently raised its position in Highpower International stock. Renaissance Technologies LLC grew its holdings in Highpower International Inc (NASDAQ:HPJ) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,088,585 shares of the technology company’s stock after purchasing an additional 25,986 shares during the quarter. Renaissance Technologies LLC owned about 6.99% of Highpower International worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.01% of the company’s stock.

Highpower International Company Profile (NASDAQ:HPJ)

Highpower International, Inc, together with its subsidiaries, produces and sells nickel-metal hydride (Ni-MH) rechargeable batteries. The company operates in three segments: Lithium Business, Ni-MH Batteries and Accessories, and New Material. It offers Ni-MH rechargeable batteries in AA, AAA, 9V, C, D, and SC sizes in blister packing, as well as chargers and battery packs.

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