Erayak Power Solution Group (NASDAQ:RAYA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Erayak Power Solution Group (NASDAQ:RAYA) to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Erayak Power Solution Group Stock Down 7.0%

Shares of RAYA opened at $4.33 on Friday. The firm’s 50 day moving average is $7.00 and its 200-day moving average is $27.45. Erayak Power Solution Group has a 12-month low of $3.12 and a 12-month high of $7,370.00.

Institutional Trading of Erayak Power Solution Group

An institutional investor recently bought a new position in Erayak Power Solution Group stock. Barclays PLC purchased a new position in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 650,000 shares of the company’s stock, valued at approximately $2,658,000. Barclays PLC owned 73.03% of Erayak Power Solution Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.33% of the company’s stock.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Co, Ltd. is a diversified provider of power electronics products and services, offering a broad portfolio that includes AC/DC power adapters, DC/DC converters, uninterruptible power supplies (UPS), power management modules and charger solutions. Through a combination of proprietary design, engineering services and contract manufacturing, the company supports applications in consumer electronics, industrial automation, telecommunications and renewable energy systems.

The company collaborates closely with OEM and ODM customers to develop customized power solutions that meet specific performance, size and efficiency requirements.