Smart Powerr (NASDAQ:CREG) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Smart Powerr Corp. (NASDAQ:CREG)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.63. Smart Powerr shares last traded at $0.63, with a volume of 9,557 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Smart Powerr in a research report on Thursday. They issued a “sell” rating for the company.

Smart Powerr Stock Down 0.7 %

The stock has a market cap of $5.56 million, a P/E ratio of -4.53 and a beta of 0.66. The business has a 50-day simple moving average of $0.68 and a 200-day simple moving average of $0.77.

Smart Powerr (NASDAQ:CREG) last posted its earnings results on Friday, November 8th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter.

About Smart Powerr

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.