CN Energy Group. (NASDAQ:CNEY) Shares Down 4.3% – Here’s What Happened

CN Energy Group. Inc. (NASDAQ:CNEY) traded down 4.3% during trading on Wednesday . The company traded as low as $0.5306 and last traded at $0.5403. Approximately 18,708 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 96,551 shares. The stock had previously closed at $0.5645.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

CN Energy Group. Price Performance

The firm has a 50 day moving average of $0.59 and a 200-day moving average of $0.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP acquired a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. as of its most recent SEC filing. 7.64% of the stock is currently owned by hedge funds and other institutional investors.

About CN Energy Group.

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production. It also engages in the generation and supply of biomass electricity; production of steam for heating; sale of minerals, stone, metal materials, construction materials, wood, chemical materials and products, rubber products, and paper products; management and conversion of forest and natural ecosystem; and forest acquisition, rights transfer, and nurturing, and timber harvesting and processing activities.