In yesterday’s Wall Street session, Ocean Power Technologies (AMEX:OPTT) shares traded at $0.28, up 41.06% from the previous session.
OPTT stock price is now 56.87% away from the 50-day moving average and -1.80% away from the 200-day moving average. The market capitalization of the company currently stands at $16.42M.
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On May 09, 2013, Ascendiant Capital Markets recently initiated its ‘Strong Buy’ rating on the stock quoting a target price of $5, while ‘UBS’ rates the stock as ‘Buy’
In other news, Slaiby Peter E., Director bought 25,000 shares of the company’s stock on Sep 28 ’23. The stock was bought for $9,750 at an average price of $0.39. Upon completion of the transaction, the Director now directly owns 96,577 shares in the company, valued at $27041.56. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’23, Senior VP and CFO Powers Robert Patrick bought 12,345 shares of the business’s stock. A total of $4,950 was incurred on buying the stock at an average price of $0.40. This leaves the insider owning 28,888 shares of the company worth $8088.64. A total of 5.84% of the company’s stock is owned by insiders.
During the past 12 months, Ocean Power Technologies has had a low of $0.12 and a high of $0.77. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.49, and a quick ratio of 2.00. The fifty day moving average price for OPTT is $0.1782 and a two-hundred day moving average price translates $0.28105 for the stock.
The latest earnings results from Ocean Power Technologies (AMEX: OPTT) was released for 2024-01-31. The net profit margin was -614.25% and return on equity was -77.49% for OPTT. The company reported revenue of $1.79 million for the quarter, compared to $0.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 144.14 percent.
