China Recycling Energy (CREG) Trading Up 6.1%
Shares of China Recycling Energy Co. (NASDAQ:CREG) were up 6.1% on Monday . The stock traded as high as $0.72 and last traded at $0.70. Approximately 1,537,969 shares changed hands during trading, an increase of 112% from the average daily volume of 725,221 shares. The stock had previously closed at $0.66.
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.21 and a quick ratio of 1.25.
A hedge fund recently bought a new stake in China Recycling Energy stock. CVI Holdings LLC bought a new stake in shares of China Recycling Energy Co. (NASDAQ:CREG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 232,360 shares of the business services provider’s stock, valued at approximately $172,000. China Recycling Energy comprises about 0.4% of CVI Holdings LLC’s investment portfolio, making the stock its 17th largest holding. CVI Holdings LLC owned about 2.26% of China Recycling Energy as of its most recent SEC filing. 2.96% of the stock is owned by institutional investors.
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China Recycling Energy Corporation engages in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. The company offers waste pressure-to-energy solutions, including the blast furnace top gas recovery turbine unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.
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