Elong Power (NASDAQ:ELPW) Raised to “Hold” at Wall Street Zen

Elong Power (NASDAQ:ELPW) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Elong Power in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Elong Power Price Performance

NASDAQ:ELPW opened at $4.00 on Friday. Elong Power has a fifty-two week low of $3.61 and a fifty-two week high of $241,344.00. The company has a 50 day simple moving average of $25.27 and a two-hundred day simple moving average of $808.00.

Institutional Investors Weigh In On Elong Power

A hedge fund recently bought a new position in Elong Power stock. Invesco Ltd. bought a new position in Elong Power Holding Limited (NASDAQ:ELPW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned approximately 0.07% of Elong Power as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 88.31% of the company’s stock.

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.