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

Shares of Smart Powerr Corp. (NASDAQ:CREG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.47 and traded as low as $1.1650. Smart Powerr shares last traded at $1.22, with a volume of 206,929 shares traded.

Analyst Ratings Changes

CREG has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, October 8th. Wall Street Zen upgraded Smart Powerr to a “sell” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Smart Powerr Trading Down 7.6%

The firm has a market capitalization of $25.39 million, a price-to-earnings ratio of -0.71 and a beta of 0.27. The firm’s 50-day moving average is $1.26 and its 200 day moving average is $1.47.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smart Powerr stock. Ground Swell Capital LLC bought a new position in shares of Smart Powerr Corp. (NASDAQ:CREG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 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 quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Smart Powerr Company Profile

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. It also designs, finances, constructs, and installs the waste energy recycling project to mid to large-size enterprises involved in high energy-consuming businesses; and provides project investment, investment management, economic information consulting, technical, financial leasing, and financial leasing transactions and consulting services; purchases, repairs, and disposes financial leasing assets; sells and leases energy saving systems and equipment.