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Roth Capital Downgrades China BAK Battery (CBAK) to Hold

April 29, 2009 12:14 PM EDT
CBAK Hot Sheet
Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Roth Capital downgrades China BAK Battery (Nasdaq: CBAK) from Buy to Hold. Price targe increased from $1.50 to $3.

China BAK Battery, Inc. is engaged in manufacturing rechargeable lithium-based battery cells. It produces battery cells that are the principal component of rechargeable batteries used to power applications, such as cellular phones, notebook computers, portable consumer electronics, such as digital cameras, portable media players, portable gaming devices and personal digital assistants (PDA), and other applications, such as cordless power tools, mining lamps, light electric vehicles and hybrid electric vehicles.

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