Smart Powerr (NASDAQ:CREG) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Smart Powerr Corp. (NASDAQ:CREGGet Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.73 and traded as low as $0.70. Smart Powerr shares last traded at $0.73, with a volume of 9,429 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Smart Powerr in a research note on Wednesday. They set a “sell” rating for the company.

View Our Latest Stock Analysis on CREG

Smart Powerr Stock Performance

The firm has a market cap of $17.76 million, a price-to-earnings ratio of -5.18 and a beta of 0.64. The business’s 50-day moving average is $0.70 and its 200-day moving average is $0.73.

About Smart Powerr

(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.

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