Sunrise New Energy (NASDAQ:EPOW) Trading Down 0.6% – Should You Sell?

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was down 0.6% on Monday . The company traded as low as $0.7325 and last traded at $0.7655. Approximately 155,221 shares traded hands during trading, a decline of 0% from the average daily volume of 155,612 shares. The stock had previously closed at $0.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EPOW. Wall Street Zen upgraded Sunrise New Energy to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Sunrise New Energy Stock Down 0.6%

The firm’s 50-day simple moving average is $0.94 and its 200-day simple moving average is $1.01. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.55 and a current ratio of 0.83.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000,000 shares of the company’s stock, valued at approximately $6,861,000. Sunrise New Energy accounts for about 2.1% of Yong Rong HK Asset Management Ltd’s investment portfolio, making the stock its 9th biggest holding. Yong Rong HK Asset Management Ltd owned approximately 27.60% of Sunrise New Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 31.86% of the company’s stock.

About Sunrise New Energy

Sunrise New Energy Technologies, Inc (NASDAQ: EPOW) is a Delaware-based holding company focused on the development, manufacturing and sale of advanced energy solutions. Through its operating subsidiaries, the company provides battery systems, energy storage modules and power management software designed to support electric vehicles, renewable energy integration and portable power applications. Its offerings include lithium-ion battery packs, battery management systems (BMS) and turnkey energy storage solutions suitable for residential, commercial and industrial use.

The company’s product lineup is engineered to deliver high energy density, long cycle life and robust safety features.