Highpower International Inc (NASDAQ:HPJ) Director Ping Li sold 10,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $4.43, for a total transaction of $46,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Highpower International Inc (HPJ) traded up $0.05 during midday trading on Friday, reaching $4.15. 87,507 shares of the company traded hands, compared to its average volume of 128,813. The company has a market capitalization of $64.37, a price-to-earnings ratio of 5.00 and a beta of 2.20. Highpower International Inc has a fifty-two week low of $2.00 and a fifty-two week high of $6.00.
A hedge fund recently raised its stake in Highpower International stock. Spark Investment Management LLC increased its stake in shares of Highpower International Inc (NASDAQ:HPJ) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,300 shares of the technology company’s stock after acquiring an additional 45,700 shares during the quarter. Spark Investment Management LLC owned approximately 0.90% of Highpower International worth $501,000 at the end of the most recent quarter. 10.18% of the stock is currently owned by institutional investors.
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About Highpower International
Highpower International, Inc, through its subsidiaries, 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 Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material.
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