Elong Power (NASDAQ:ELPW) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Elong Power (NASDAQ:ELPW) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Elong Power in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Elong Power Trading Up 43.7%

Elong Power stock opened at $5.16 on Friday. Elong Power has a one year low of $3.06 and a one year high of $10,336.00. The stock has a fifty day moving average of $99.49 and a 200 day moving average of $267.48.

Hedge Funds Weigh In On Elong Power

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. bought a new stake in shares of Elong Power Holding Limited (NASDAQ:ELPW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned approximately 0.07% of Elong Power as of its most recent filing with the Securities and Exchange Commission (SEC). 88.31% of the stock is owned by institutional investors and hedge funds.

Elong Power Company Profile

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.