CVI Holdings LLC purchased a new stake in China Recycling Energy Co. (NASDAQ:CREG) during the fourth quarter, Holdings Channel reports. The fund purchased 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 portfolio, making the stock its 17th largest position.

China Recycling Energy stock opened at $0.96 on Friday. China Recycling Energy Co. has a 1 year low of $0.56 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.25 and a quick ratio of 1.25.

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About China Recycling Energy

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.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

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