Elong Power (NASDAQ:ELPW) Announces Earnings Results

Elong Power (NASDAQ:ELPW) posted its quarterly earnings results on Tuesday. The company reported $205.69 EPS for the quarter, reports. The company had revenue of $1.45 million during the quarter.

Elong Power Stock Down 1.5%

Shares of ELPW opened at $2.69 on Thursday. Elong Power has a one year low of $2.42 and a one year high of $54,972.00. The stock has a 50-day moving average of $3.73 and a two-hundred day moving average of $48.66.

Analysts Set New Price Targets

Several research firms have commented on ELPW. Weiss Ratings downgraded Elong Power from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, September 28th. Wall Street Zen downgraded shares of Elong Power from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Elong Power Company Profile

Elong Power Holding Limited is a battery technology and manufacturing company. Through its operating subsidiaries, the company designs, develops and produces rechargeable lithium-ion batteries and related battery products.

Its product offerings include lithium-ion battery cells, battery packs and battery systems intended for applications such as electric vehicles, energy storage systems and other electronic or industrial uses. The company serves customers primarily through its operations and sales activities in China.

Elong Power Holding Limited is incorporated in the Cayman Islands and operates as a holding company for its battery-related subsidiaries.