Smart Powerr (NASDAQ:CREG) Stock Crosses Below 200-Day Moving Average of $4.30

Smart Powerr Corp. (NASDAQ:CREGGet Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.30 and traded as low as $2.91. Smart Powerr shares last traded at $2.92, with a volume of 7,185 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Smart Powerr in a report on Saturday. They set a “sell” rating on the stock.

Smart Powerr Price Performance

The stock’s 50-day simple moving average is $3.16 and its 200-day simple moving average is $4.29.

Smart Powerr Company Profile

(Get Rating)

Smart Powerr Corp. engages in the recycling energy business in China. The company designs, finances, constructs, installs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. It provides 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 generate 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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