Smart Powerr (NASDAQ:CREG) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Smart Powerr Corp. (NASDAQ:CREG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.43 and traded as low as $1.10. Smart Powerr shares last traded at $1.12, with a volume of 41,038 shares changing hands.

Analysts Set New Price Targets

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

Smart Powerr Trading Down 5.1%

The stock has a market capitalization of $23.31 million, a PE ratio of -0.65 and a beta of 0.27. The firm has a 50-day moving average price of $1.24 and a 200-day moving average price of $1.43.

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

Institutional Investors Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. Ground Swell Capital LLC acquired a new stake in Smart Powerr Corp. (NASDAQ:CREG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 1.00% of Smart Powerr at the end of the most recent quarter. 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.