CN Energy Group. (NASDAQ:CNEY) Stock Price Down 1.8% – What’s Next?

CN Energy Group. Inc. (NASDAQ:CNEY)’s stock price fell 1.8% on Friday . The stock traded as low as $0.9125 and last traded at $0.95. 253,284 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,861,114 shares. The stock had previously closed at $0.9671.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CN Energy Group. has an average rating of “Sell”.

CN Energy Group. Stock Down 1.8%

The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP acquired a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. as of its most recent SEC filing. Institutional investors and hedge funds own 7.64% of the company’s stock.

CN Energy Group. Company Profile

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production.