Smart Powerr (NASDAQ:CREG) Announces Earnings Results

Smart Powerr (NASDAQ:CREG) issued its earnings results on Tuesday. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.09 million for the quarter.

Smart Powerr Trading Down 5.8%

Shares of NASDAQ:CREG opened at $0.24 on Thursday. The company has a 50 day moving average of $1.01 and a 200 day moving average of $1.22. The stock has a market cap of $5.08 million, a P/E ratio of -0.23 and a beta of 0.71. Smart Powerr has a 12 month low of $0.19 and a 12 month high of $14.70.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Smart Powerr in the fourth quarter worth $58,000. DRW Securities LLC increased its stake in Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after acquiring an additional 32,294 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in shares of Smart Powerr in the 3rd quarter valued at about $35,000. Institutional investors own 0.22% of the company’s stock.

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.