Elong Power (NASDAQ:ELPW) Stock Rating Lowered by Wall Street Zen

Elong Power (NASDAQ:ELPW) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Elong Power Price Performance

Shares of ELPW traded down $0.27 during mid-day trading on Friday, hitting $0.30. 91,343,111 shares of the company’s stock were exchanged, compared to its average volume of 3,540,573. Elong Power has a fifty-two week low of $0.28 and a fifty-two week high of $5,696.00. The business’s 50 day moving average is $1.59 and its two-hundred day moving average is $46.21.

Elong Power (NASDAQ:ELPW) last posted its quarterly earnings data on Monday, April 20th. The company reported ($71.57) EPS for the quarter. The business had revenue of $0.92 million during the quarter.

Hedge Funds Weigh In On Elong Power

An institutional investor recently bought a new stake in Elong Power stock. Invesco Ltd. purchased a new stake in Elong Power Holding Limited (NASDAQ:ELPW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power at the end of the most recent reporting period. 88.31% of the stock is currently owned by institutional investors.

Elong Power Company Profile

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.