Sunrise New Energy (NASDAQ:EPOW) Trading Down 0.2% – Should You Sell?

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW)’s share price was down 0.2% on Tuesday . The company traded as low as $0.5110 and last traded at $0.5278. Approximately 33,703 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 306,779 shares. The stock had previously closed at $0.5286.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Sunrise New Energy Stock Up 0.6%

The business’s 50 day moving average is $0.64 and its 200 day moving average is $0.76. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.72 and a quick ratio of 0.48.

Sunrise New Energy (NASDAQ:EPOW) last released its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $9.22 million for the quarter.

Hedge Funds Weigh In On Sunrise New Energy

A hedge fund recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd bought a new position in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.12% of Sunrise New Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.86% of the company’s stock.

About Sunrise New Energy

Sunrise New Energy Technologies, Inc (NASDAQ: EPOW) is a Delaware-based holding company focused on the development, manufacturing and sale of advanced energy solutions. Through its operating subsidiaries, the company provides battery systems, energy storage modules and power management software designed to support electric vehicles, renewable energy integration and portable power applications. Its offerings include lithium-ion battery packs, battery management systems (BMS) and turnkey energy storage solutions suitable for residential, commercial and industrial use.

The company’s product lineup is engineered to deliver high energy density, long cycle life and robust safety features.