Wall Street Zen upgraded shares of Elong Power (NASDAQ:ELPW - Free Report) from a sell rating to a hold rating in a report issued on Sunday.
Elong Power Price Performance
ELPW remained flat at $1.10 on Friday. 214,015 shares of the company's stock traded hands, compared to its average volume of 409,444. The firm has a 50-day moving average price of $3.04. Elong Power has a twelve month low of $0.56 and a twelve month high of $8.08.
Institutional Trading of Elong Power
Several institutional investors have recently bought and sold shares of ELPW. Polar Asset Management Partners Inc. purchased a new stake in shares of Elong Power during the 4th quarter valued at about $33,000. Toronto Dominion Bank bought a new stake in Elong Power in the 4th quarter valued at $102,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of Elong Power during the fourth quarter valued at about $39,000. 88.31% of the stock is owned by hedge funds and other institutional investors.
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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