ValuEngine downgraded shares of Bat Group (NASDAQ:GLG) from a sell rating to a strong sell rating in a research note issued to investors on Monday, ValuEngine reports.

Shares of Bat Group stock opened at $1.62 on Monday. Bat Group has a twelve month low of $0.28 and a twelve month high of $4.00. The company’s fifty day moving average is $1.60 and its 200 day moving average is $0.92.

Bat Group (NASDAQ:GLG) last posted its quarterly earnings data on Thursday, November 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $0.57 million during the quarter. Bat Group had a negative net margin of 231.71% and a negative return on equity of 105.27%.

About Bat Group

Bat Group, Inc engages in leasing used cars to individual and corporate customers under the Batcar brand name in Beijing, Tianjin, and Hebei. It also rents cars to other auto rental companies at a discounted rate, as well as provides car pooling services. The company was formerly known as China Bat Group, Inc and changed its name to Bat Group, Inc in June 2019.

Read More: How prevalent are 12b-1 fees?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Bat Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bat Group and related companies with's FREE daily email newsletter.