Smart Powerr (NASDAQ:CREG) Issues Quarterly Earnings Results

Smart Powerr (NASDAQ:CREG) announced its quarterly earnings data on Friday. The business services provider reported ($0.03) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.11 million for the quarter. Smart Powerr had a negative net margin of 1,102.66% and a negative return on equity of 2.36%.

Smart Powerr Stock Performance

Shares of CREG traded down $0.24 during trading hours on Friday, hitting $0.48. The company had a trading volume of 22,550,315 shares, compared to its average volume of 39,632,208. The firm has a fifty day moving average price of $0.61 and a 200-day moving average price of $1.02. The stock has a market capitalization of $10.94 million, a price-to-earnings ratio of -0.45 and a beta of 2.50. Smart Powerr has a 52-week low of $0.16 and a 52-week high of $14.70.

Analyst Upgrades and Downgrades

CREG has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen raised Smart Powerr to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

Several large investors have recently modified their holdings of CREG. Ground Swell Capital LLC purchased a new position in shares of Smart Powerr in the 3rd quarter worth about $35,000. XTX Topco Ltd purchased a new position in Smart Powerr in the 4th quarter worth approximately $58,000. Finally, DRW Securities LLC raised its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.