Shares of CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) traded up 1.9% during mid-day trading on Friday . The stock traded as high as $0.7779 and last traded at $0.6816. 1,185,074 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 5,686,930 shares. The stock had previously closed at $0.6688.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Report on CNEY
CN Energy Group. Price Performance
Institutional Investors Weigh In On CN Energy Group.
A hedge fund recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC bought a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned approximately 1.32% 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.
CN Energy Group. Company Profile
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.
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