Smart Powerr (NASDAQ:CREG) Stock Passes Below 200-Day Moving Average – Time to Sell?

Smart Powerr Corp. (NASDAQ:CREG) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.78 and traded as low as $0.62. Smart Powerr shares last traded at $0.65, with a volume of 43,191 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Smart Powerr in a report on Wednesday. They set a “sell” rating for the company.

Smart Powerr Trading Up 1.2 %

The stock’s fifty day moving average price is $0.69 and its 200 day moving average price is $0.78. The stock has a market cap of $5.73 million, a P/E ratio of -4.67 and a beta of 0.65.

Smart Powerr (NASDAQ:CREG) last released its earnings results on Friday, November 8th. The business services provider reported ($0.03) EPS for the quarter.

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.