Elong Power (NASDAQ:ELPW - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.
Elong Power Price Performance
Shares of NASDAQ ELPW opened at $2.23 on Friday. Elong Power has a 12-month low of $0.56 and a 12-month high of $8.07. The stock's 50 day simple moving average is $2.57 and its 200 day simple moving average is $1.74.
Institutional Trading of Elong Power
Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new stake in Elong Power during the 4th quarter valued at $102,000. Yakira Capital Management Inc. bought a new stake in Elong Power during the 4th quarter valued at $39,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Elong Power during the 4th quarter valued at $33,000. Institutional investors own 88.31% of the company's stock.
About Elong Power
(
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Elong Power Holding Ltd. engages in the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company was founded on August 18, 2023 and is headquartered in Ganzhou, China.
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