CN Energy Group. (NASDAQ:CNEY) Stock Price Down 4.3% – Time to Sell?

CN Energy Group. Inc. (NASDAQ:CNEYGet Free Report) was down 4.3% during mid-day trading on Wednesday . The company traded as low as $0.5306 and last traded at $0.5403. 18,708 shares changed hands during trading, a decline of 81% from the average daily volume of 96,551 shares. The stock had previously closed at $0.5645.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Report on CN Energy Group.

CN Energy Group. Stock Down 1.3%

The stock’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.74.

Institutional Investors Weigh In On CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP purchased a new stake in CN Energy Group. Inc. (NASDAQ:CNEYFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. as of its most recent filing with the Securities and Exchange Commission. 7.64% of the stock is owned by institutional investors.

CN Energy Group. Company Profile

(Get Free Report)

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.

Further Reading

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