CN Energy Group. (NASDAQ:CNEY) Trading Down 4.5% – Here’s Why

CN Energy Group. Inc. (NASDAQ:CNEY)’s stock price fell 4.5% on Monday . The stock traded as low as $0.3560 and last traded at $0.3849. 275,382 shares were traded during mid-day trading, a decline of 72% from the average session volume of 981,691 shares. The stock had previously closed at $0.4030.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CN Energy Group. Stock Down 4.5%

The firm’s fifty day moving average is $0.83 and its two-hundred day moving average is $1.20.

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 acquired a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. at the end of the most recent quarter. Hedge funds and other institutional investors own 7.64% of the company’s stock.

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. It also engages in the generation and supply of biomass electricity; production of steam for heating; sale of minerals, stone, metal materials, construction materials, wood, chemical materials and products, rubber products, and paper products; management and conversion of forest and natural ecosystem; and forest acquisition, rights transfer, and nurturing, and timber harvesting and processing activities.