StockNews.com Begins Coverage on Smart Powerr (NASDAQ:CREG)

StockNews.com began coverage on shares of Smart Powerr (NASDAQ:CREG – Get Rating) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the business services provider’s stock.

Smart Powerr Stock Performance

Shares of CREG stock opened at $1.80 on Wednesday. Smart Powerr has a one year low of $1.31 and a one year high of $4.25. The company’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $2.06. The stock has a market capitalization of $13.73 million, a price-to-earnings ratio of -0.80 and a beta of 0.98.

Hedge Funds Weigh In On Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Susquehanna International Group LLP bought a new position in Smart Powerr Corp. (NASDAQ:CREG – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,730 shares of the business services provider’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.15% of Smart Powerr as of its most recent SEC filing. 0.19% of the stock is owned by institutional investors and hedge funds.

About Smart Powerr

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Smart Powerr Corp. engages in the provision of energy savings and recycling products and services. It offers waste energy recycling projects for industrial applications and develops a Build-Operate-Transfer model to provide energy saving and recovery facilities for multiple energy intensive industries in China.