Sunrise New Energy (NASDAQ:EPOW) Shares Down 3.8% – Time to Sell?

Sunrise New Energy Co., Ltd. (NASDAQ:EPOWGet Free Report)’s share price dropped 3.8% during mid-day trading on Thursday . The stock traded as low as $0.3902 and last traded at $0.4050. 144,766 shares were traded during trading, an increase of 289% from the average daily volume of 37,225 shares. The stock had previously closed at $0.4210.

Analyst Upgrades and Downgrades

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

View Our Latest Report on EPOW

Sunrise New Energy Price Performance

The business’s fifty day moving average price is $0.56 and its 200 day moving average price is $0.70. The company has a quick ratio of 0.48, a current ratio of 0.72 and a debt-to-equity ratio of 2.50.

Sunrise New Energy (NASDAQ:EPOWGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $9.22 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd bought a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOWFree Report) in the 4th quarter, according to 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 approximately 0.12% of Sunrise New Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 31.86% of the company’s stock.

About Sunrise New Energy

(Get Free Report)

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.

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