Smart Powerr (NASDAQ:CREG) Issues Quarterly Earnings Results

Smart Powerr (NASDAQ:CREG) posted its earnings results on Friday. The business services provider reported ($0.03) earnings per share for the quarter, FiscalAI reports. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.The firm had revenue of $0.11 million for the quarter.

Smart Powerr Stock Down 33.3%

CREG traded down $0.24 during trading on Friday, hitting $0.48. The company’s stock had a trading volume of 22,550,315 shares, compared to its average volume of 39,632,208. Smart Powerr has a twelve month low of $0.16 and a twelve month high of $14.70. The stock’s fifty day moving average price is $0.61 and its 200-day moving average price is $1.02. The firm has a market capitalization of $10.94 million, a P/E ratio of -2.51 and a beta of 2.50.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen upgraded Smart Powerr to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Powerr has an average rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

A number of institutional investors have recently modified their holdings of CREG. Ground Swell Capital LLC acquired a new position in shares of Smart Powerr during the third quarter worth approximately $35,000. DRW Securities LLC grew its holdings in Smart Powerr by 58.2% during the fourth quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after buying an additional 32,294 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Smart Powerr during the fourth quarter worth $58,000. 0.22% of the stock is owned by institutional investors and hedge funds.

About Smart Powerr

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.