Elong Power (NASDAQ:ELPW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Elong Power (NASDAQ:ELPW) to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Elong Power in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Elong Power Trading Down 6.2%

NASDAQ:ELPW opened at $3.75 on Friday. The business’s fifty day moving average is $24.65 and its 200 day moving average is $802.34. Elong Power has a 52-week low of $3.61 and a 52-week high of $227,514.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. purchased a new position in Elong Power Holding Limited (NASDAQ:ELPW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 88.31% of the company’s stock.

About Elong Power

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.