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

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

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

Elong Power Stock Performance

Shares of NASDAQ:ELPW opened at $4.00 on Friday. The stock’s 50-day moving average is $25.27 and its 200 day moving average is $808.00. Elong Power has a 1 year low of $3.61 and a 1 year high of $241,344.00.

Institutional Trading of Elong Power

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

Elong Power Company Profile

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.