Varta AG (VARTY)
Varta AG operates in the Electrical Equipment & Parts industry of the Industrials sector, headquartered in Ellwangen, DE. The stock last traded at $0.21, up 0.00% on the session, giving a market capitalisation of $9.0M. On trailing twelve-month figures it carries a trailing P/E of -8.07, a net margin of -8.1%. Its beta of 1.69 implies it has historically moved more than the broad market.
Varta AG, a German corporation headquartered in Ellwangen and a subsidiary of Montana Tech Components AG, is globally engaged in the research, development, manufacturing, and distribution of various battery technologies and energy storage solutions. The company's operations are divided into two primary divisions: 1. Lithium-Ion Solutions & Microbatteries: This segment focuses on specialized power sources. It supplies zinc-air batteries, predominantly used in hearing aid devices, and offers lithium-ion battery solutions for small electronic gadgets such as wireless headphones. This also extends to wearables, encompassing medical instruments for monitoring conditions like hypertension and blood sugar, in addition to supplying power for COVID-19 antibody tests. Furthermore, the division provides rechargeable battery solutions for industrial clients and original equipment manufacturers (OEMs), catering to diverse applications like servers, vehicle keys, security systems, and smart metering devices. It also handles the design, system integration, and assembly of lithium-ion battery packs for a wide array of portable uses, including industrial and communication equipment, power tools, as well as applications in home, garden, and medical sectors. 2. Household Batteries: This division's product portfolio comprises consumer-oriented items, including standard household batteries, rechargeable variants, charging devices, portable power banks, lighting products, and residential energy storage systems. Varta AG was established in 1887.
Varta AG is most often compared with the following Industrials names: