CN Energy Group. (NASDAQ:CNEY) Trading Down 1.8% – Time to Sell?

CN Energy Group. Inc. (NASDAQ:CNEY)’s stock price dropped 1.8% on Friday . The company traded as low as $0.9125 and last traded at $0.95. Approximately 253,284 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,861,114 shares. The stock had previously closed at $0.9671.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. 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, the company presently has an average rating of “Sell”.

CN Energy Group. Stock Down 1.8%

The firm has a fifty day moving average of $1.81 and a 200-day moving average of $2.27.

Hedge Funds Weigh In On CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP bought a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. as of its most recent filing with the SEC. 7.64% of the stock is owned by institutional investors.

About CN Energy Group.

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production.