Smart Powerr (NASDAQ:CREG) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Smart Powerr Corp. (NASDAQ:CREG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.47 and traded as low as $1.1650. Smart Powerr shares last traded at $1.22, with a volume of 206,929 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on CREG shares. Wall Street Zen raised Smart Powerr to a “sell” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Smart Powerr presently has an average rating of “Sell”.

Smart Powerr Stock Performance

The stock has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $1.47. The stock has a market cap of $25.39 million, a price-to-earnings ratio of -0.71 and a beta of 0.27.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC purchased a new stake in Smart Powerr Corp. (NASDAQ:CREG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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. 0.22% of the stock is currently owned by institutional investors and hedge funds.

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.