Smart Powerr (NASDAQ:CREG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Smart Powerr Corp. (NASDAQ:CREG) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.26 and traded as low as $1.10. Smart Powerr shares last traded at $1.14, with a volume of 24,674 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CREG. 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Smart Powerr Stock Performance

The firm has a market capitalization of $23.72 million, a P/E ratio of -0.66 and a beta of 0.28. The stock has a 50 day moving average of $1.31 and a 200-day moving average of $2.26.

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

Institutional Investors Weigh In On Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC purchased a new position in Smart Powerr Corp. (NASDAQ:CREG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 1.00% of Smart Powerr at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.22% of the company’s stock.

About Smart Powerr

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.