Smart Powerr (NASDAQ:CREG) Announces Quarterly Earnings Results

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

Smart Powerr Stock Up 5.5%

Shares of Smart Powerr stock opened at $0.26 on Wednesday. Smart Powerr has a 52 week low of $0.19 and a 52 week high of $14.70. The business has a 50 day moving average price of $1.03 and a 200-day moving average price of $1.23. The company has a market cap of $5.38 million, a PE ratio of -0.15 and a beta of 0.33.

Institutional Investors Weigh In On Smart Powerr

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in Smart Powerr during the 4th quarter valued at $58,000. DRW Securities LLC grew its stake in shares of 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 in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in shares of Smart Powerr in the third quarter valued at about $35,000. 0.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Smart Powerr Company Profile

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.