Smart Powerr (NASDAQ:CREG) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Smart Powerr Corp. (NASDAQ:CREG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.57 and traded as low as $1.23. Smart Powerr shares last traded at $1.35, with a volume of 85,136 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Smart Powerr to a “sell” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Smart Powerr presently has an average rating of “Sell”.

Smart Powerr Price Performance

The company has a market cap of $28.09 million, a P/E ratio of -0.78 and a beta of 0.27. The business’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.56.

Smart Powerr (NASDAQ:CREG) last released its quarterly earnings results on Thursday, November 13th. The business services provider reported ($0.08) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smart Powerr stock. Ground Swell Capital LLC acquired a new stake in Smart Powerr Corp. (NASDAQ:CREG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned approximately 1.00% of Smart Powerr at the end of the most recent quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Smart Powerr Company Profile

Smart Powerr Corp. engages in the waste energy recycling business in China. The company provides energy saving and recovery facilities for various energy intensive industries; waste energy recycling systems for use in nonferrous metal plants; and clean-technology and energy-efficient solutions to reduce air pollution and energy shortage problems. It also designs, finances, constructs, and installs the waste energy recycling project to mid to large-size enterprises involved in high energy-consuming businesses; and provides project investment, investment management, economic information consulting, technical, financial leasing, and financial leasing transactions and consulting services; purchases, repairs, and disposes financial leasing assets; sells and leases energy saving systems and equipment.