Smart Powerr (NASDAQ:CREG) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Smart Powerr Corp. (NASDAQ:CREG)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.71 and traded as high as $0.90. Smart Powerr shares last traded at $0.90, with a volume of 189,883 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Smart Powerr in a research note on Saturday. They set a “sell” rating for the company.

Smart Powerr Stock Up 24.8 %

The stock has a fifty day moving average of $0.71 and a 200-day moving average of $0.83. The stock has a market cap of $7.88 million, a PE ratio of -6.42 and a beta of 0.71.

Smart Powerr Company Profile

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.