The stock of Highpower International Inc (NASDAQ:HPJ) is a huge mover today! The stock decreased 8.83% or $0.28 on September 30, hitting $2.89. About 201,206 shares traded hands. Highpower International Inc (NASDAQ:HPJ) has risen 32.64% since February 26, 2016 and is uptrending. It has outperformed by 22.21% the S&P500.
The move comes after 6 months negative chart setup for the $43.37 million company. It was reported on Oct, 1 by Barchart.com. We have $2.57 PT which if reached, will make NASDAQ:HPJ worth $4.77 million less.
Analysts await Highpower International Inc (NASDAQ:HPJ) to report earnings on November, 10.
According to Zacks Investment Research, “Highpower International, Inc. develops, manufactures and markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The Company’s product portfolio comprises of Consumer Batteries, High Drain Batteries, High & Low Temperature Batteries and Lithium-ion Cylindrical & Li-Polymer Batteries. Its products find their application in vacuum cleaner, power tools, electric bikes, cordless phones, lamps, toys and in portable medical and beauty products. Highpower also provides rapid charge batteries, consumer high capacity batteries and high and low temperature batteries. The majority of the Company’s products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan. Highpower International, Inc., formerly known as Hong Kong Highpower Technology, Inc., is headquartered in Shenzhen, the People’s Republic of China.”
Insitutional Activity: The institutional sentiment decreased to 0.25 in 2016 Q2. Its down 1.75, from 2 in 2016Q1. The ratio dropped, as 3 funds sold all Highpower International Inc shares owned while 1 reduced positions. 0 funds bought stakes while 1 increased positions. They now own 879,515 shares or 15.96% less from 1.05 million shares in 2016Q1.
Morgan Stanley has invested 0% of its portfolio in Highpower International Inc (NASDAQ:HPJ). Renaissance Technologies last reported 0% of its portfolio in the stock. The New York-based Spark Mgmt Limited Liability Corporation has invested 0.02% in Highpower International Inc (NASDAQ:HPJ). Friedberg Invest accumulated 43,370 shares or 1.08% of the stock. California Public Employees Retirement Sys has 12,300 shares for 0% of their US portfolio. Bridgeway Cap holds 0% or 101,845 shares in its portfolio.
More notable recent Highpower International Inc (NASDAQ:HPJ) news were published by: Prnewswire.com which released: “Highpower International Reports Financial Results For the Second Quarter And …” on August 12, 2016, also Streetinsider.com with their article: “Highpower International (HPJ) Subsidiary Enters Framework Agreement with ACOC …” published on September 01, 2016, Thestreet.com published: “Why Highpower International (HPJ) Stock Is Jumping Today” on August 20, 2014. More interesting news about Highpower International Inc (NASDAQ:HPJ) were released by: Quotes.Wsj.com and their article: “News Highpower International Inc.HPJ” published on February 12, 2011 as well as Prnewswire.com‘s news article titled: “Highpower International Announces Receipt of Non-binding Investment Proposal” with publication date: November 27, 2015.
HPJ Company Profile
Highpower International, Inc., incorporated on January 3, 2006, through its subsidiaries, Shenzhen Highpower Technology Co., Ltd (SZ Highpower), Huizhou Highpower Technology Co., Ltd (HZ HTC) and Springpower Technology (Shenzhen) Co., Ltd (SZ Springpower), is engaged in the manufacturing and marketing of nickel metal hydride rechargeable batteries (Ni-MH) and lithium batteries for both consumer and industrial applications. The Firm operates through three divisions: Lithium Batteries, Ni-MH Batteries and New Material. The Company, through its subsidiary, Ganzhou Highpower Technology Co., Ltd (GZ Highpower), is engaged in the processing, marketing and research of battery materials. The Company, through its subsidiary, Icon Energy System Co., Ltd. (ICON), is engaged in the design and production of advanced battery packs and systems.
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