The stock of Highpower International Inc (NASDAQ:HPJ) is a huge mover today! About 88,392 shares traded hands. Highpower International Inc (NASDAQ:HPJ) has risen 19.31% since March 7, 2016 and is uptrending. It has outperformed by 11.72% the S&P500.
The move comes after 8 months positive chart setup for the $41.98 million company. It was reported on Oct, 10 by Barchart.com. We have $8.53 PT which if reached, will make NASDAQ:HPJ worth $81.02 million more.
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 Q2 2016. Its down 1.75, from 2 in 2016Q1. The ratio is negative, 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.
Renaissance Technology Ltd Liability holds 0% or 618,900 shares in its portfolio. California Employees Retirement Systems accumulated 12,300 shares or 0% of the stock. Bridgeway Mngmt holds 0% or 101,845 shares in its portfolio. Spark Investment Mngmt Ltd last reported 96,200 shares in the company. Morgan Stanley accumulated 0% or 6,500 shares. Friedberg Invest Mgmt, a Texas-based fund reported 43,370 shares.
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 Prnewswire.com with their article: “Highpower International Starts Shipments of Lithium Polymer Batteries to DJI …” published on April 12, 2016, Prnewswire.com published: “Highpower International Announces Receipt of Non-binding Investment Proposal” on November 27, 2015. 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 Thestreet.com‘s news article titled: “Why Highpower International (HPJ) Stock Is Jumping Today” with publication date: August 20, 2014.
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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