Smart Powerr (NASDAQ:CREG) Announces Quarterly Earnings Results

by · The Cerbat Gem

Smart Powerr (NASDAQ:CREG – Get Free Report) issued its quarterly earnings results on Friday. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.The company had revenue of $0.11 million during the quarter.

Smart Powerr Stock Performance

Smart Powerr stock traded down $0.24 during mid-day trading on Friday, reaching $0.48. 22,550,315 shares of the company were exchanged, compared to its average volume of 39,632,208. The firm has a market cap of $10.94 million, a P/E ratio of -0.45 and a beta of 2.50. The business has a fifty day moving average of $0.61 and a 200 day moving average of $1.02. Smart Powerr has a 12-month low of $0.16 and a 12-month high of $14.70.

Institutional Investors Weigh In On Smart Powerr

A number of institutional investors have recently added to or reduced their stakes in CREG. Ground Swell Capital LLC bought a new stake in shares of Smart Powerr in the 3rd quarter valued at about $35,000. DRW Securities LLC lifted its holdings in shares of Smart Powerr by 58.2% during the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 32,294 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Smart Powerr in the 4th quarter worth $58,000. Institutional investors own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CREG shares. Wall Street Zen raised shares of Smart Powerr to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Smart Powerr

Smart Powerr Company Profile

(Get Free Report)

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.

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