Smart Powerr (NASDAQ:CREG) Shares Scheduled to Reverse Split on Tuesday, June 16th

Smart Powerr Corp. (NASDAQ:CREG) shares are set to reverse split on Tuesday, June 16th. The 1-10 reverse split was announced on Monday, June 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 15th.

Smart Powerr Price Performance

NASDAQ CREG opened at $0.21 on Friday. The firm has a market capitalization of $4.91 million, a price-to-earnings ratio of -1.13 and a beta of 2.26. The company’s fifty day moving average is $0.46 and its two-hundred day moving average is $0.89. Smart Powerr has a 52-week low of $0.16 and a 52-week high of $14.70.

Smart Powerr (NASDAQ:CREG) last posted its quarterly earnings results on Friday, May 15th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.11 million during the quarter. Smart Powerr had a negative return on equity of 1.95% and a negative net margin of 732.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a report on Monday, April 20th. Wall Street Zen raised shares of Smart Powerr to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Smart Powerr currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Smart Powerr

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CREG. DRW Securities LLC grew its position in shares of Smart Powerr by 58.2% during the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after buying an additional 32,294 shares during the period. XTX Topco Ltd acquired a new stake in shares of Smart Powerr during the 4th quarter worth approximately $58,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Smart Powerr during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

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. It also designs, finances, constructs, and installs the waste energy recycling project to mid to large-size enterprises involved in high energy-consuming businesses; and provides project investment, investment management, economic information consulting, technical, financial leasing, and financial leasing transactions and consulting services; purchases, repairs, and disposes financial leasing assets; sells and leases energy saving systems and equipment.