China Recycling Energy (CREG) Shares Gap Down to $0.94
China Recycling Energy Co. (NASDAQ:CREG) shares gapped down prior to trading on Monday . The stock had previously closed at $1.09, but opened at $0.94. China Recycling Energy shares last traded at $0.70, with a volume of 2834436 shares traded.
The company has a quick ratio of 1.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.01.
A hedge fund recently bought a new stake in China Recycling Energy stock. CVI Holdings LLC acquired a new position in China Recycling Energy Co. (NASDAQ:CREG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 232,360 shares of the business services provider’s stock, valued at approximately $172,000. China Recycling Energy comprises 0.4% of CVI Holdings LLC’s investment portfolio, making the stock its 17th largest holding. CVI Holdings LLC owned approximately 2.26% of China Recycling Energy as of its most recent SEC filing. Institutional investors and hedge funds own 2.96% of the company’s stock.
China Recycling Energy Corporation engages in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. The company offers 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 generates 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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