Smart Powerr (NASDAQ:CREG) Announces Earnings Results

Smart Powerr (NASDAQ:CREG) released its quarterly earnings results on Tuesday. The business services provider reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $0.09 million during the quarter.

Smart Powerr Trading Up 5.5%

Shares of CREG traded up $0.01 during mid-day trading on Tuesday, hitting $0.26. 362,852 shares of the company traded hands, compared to its average volume of 5,886,917. Smart Powerr has a one year low of $0.19 and a one year high of $14.70. The business has a 50-day moving average of $1.03 and a 200 day moving average of $1.23. The stock has a market capitalization of $5.38 million, a price-to-earnings ratio of -0.15 and a beta of 0.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new position in shares of Smart Powerr during the 3rd quarter worth about $35,000. XTX Topco Ltd acquired a new stake in shares of Smart Powerr in the 4th quarter valued at approximately $58,000. Finally, DRW Securities LLC boosted its stake in Smart Powerr by 58.2% during 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. 0.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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. 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.