Elong Power (NASDAQ:ELPW) Rating Increased to Hold at Wall Street Zen

Elong Power (NASDAQ:ELPW) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Elong Power in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Elong Power Stock Up 43.7%

Shares of ELPW stock opened at $5.16 on Friday. Elong Power has a fifty-two week low of $3.06 and a fifty-two week high of $10,336.00. The stock’s 50-day moving average is $99.49 and its two-hundred day moving average is $267.48.

Institutional Trading of Elong Power

A hedge fund recently bought a new stake in Elong Power stock. Invesco Ltd. bought a new position in Elong Power Holding Limited (NASDAQ:ELPW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power at the end of the most recent reporting period. Institutional investors and hedge funds own 88.31% of the company’s stock.

About Elong Power

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.