Erayak Power Solution Group (NASDAQ:RAYA) Stock Rating Upgraded by Wall Street Zen

Erayak Power Solution Group (NASDAQ:RAYA) was upgraded by Wall Street Zen to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Erayak Power Solution Group in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Erayak Power Solution Group Price Performance

Shares of RAYA opened at $0.47 on Friday. The business has a 50-day moving average of $0.71 and a 200 day moving average of $2.80. Erayak Power Solution Group has a fifty-two week low of $0.31 and a fifty-two week high of $737.00.

Shares of Erayak Power Solution Group are going to reverse split on the morning of Monday, April 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, April 19th.

Institutional Investors Weigh In On Erayak Power Solution Group

An institutional investor recently bought a new position in Erayak Power Solution Group stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,957 shares of the company’s stock, valued at approximately $64,000. SmartHarvest Portfolios LLC owned about 1.91% of Erayak Power Solution Group at the end of the most recent quarter. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Co, Ltd. is a diversified provider of power electronics products and services, offering a broad portfolio that includes AC/DC power adapters, DC/DC converters, uninterruptible power supplies (UPS), power management modules and charger solutions. Through a combination of proprietary design, engineering services and contract manufacturing, the company supports applications in consumer electronics, industrial automation, telecommunications and renewable energy systems.

The company collaborates closely with OEM and ODM customers to develop customized power solutions that meet specific performance, size and efficiency requirements.