China Recycling Energy (CREG) Shares Gap Down to $0.94

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Shares of China Recycling Energy Co. (NASDAQ:CREG) gapped down prior to trading on Monday . The stock had previously closed at $1.09, but opened at $0.94. China Recycling Energy shares last traded at $0.70, with a volume of 2834436 shares.

The company has a quick ratio of 1.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.01.

A hedge fund recently bought a new stake in China Recycling Energy stock. CVI Holdings LLC purchased a new position in China Recycling Energy Co. (NASDAQ:CREG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 232,360 shares of the business services provider’s stock, valued at approximately $172,000. China Recycling Energy comprises about 0.4% of CVI Holdings LLC’s holdings, making the stock its 17th biggest position. CVI Holdings LLC owned 2.26% of China Recycling Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

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About China Recycling Energy (NASDAQ:CREG)

China Recycling Energy Corporation engages in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. The company offers waste pressure-to-energy solutions, including the blast furnace top gas recovery turbine unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.

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