Glassy - I just realized this is a Chinese stock. I stay far away from those these days. A few bad apples have runt the whole batch for now. I have a list of about 30 Chinese stocks that based on their reported fundamentals should be valued at 3x their current prices. Right now they just aren't moving because of a cloud of suspicion. Hopefully it all blows over, because there is a lot of money to be made in Chinese stocks based on their earnings reports.
ABAT is tempting for a flip play. I will watch in the morning.
I also bought ABAT in premarket yesterday. I have a client in the battery business. Most of the profit driven by sales of sealed lead batteries and specialty batteries.
Auto batteries are good for retail sales, but the hospitals and equipment dealers (not auto) are the biggest customers.
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