Ocean Power Technologies (AMEX:OPTT) shares traded 40.00% higher at $0.70 on Wall Street last session.
OPTT stock price is now 290.67% away from the 50-day moving average and 217.18% away from the 200-day moving average. The market capitalization of the company currently stands at $119.87M.
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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 35,000 shares of the company’s stock on Nov 25 ’24. The stock was bought for $6,713 at an average price of $0.19. Upon completion of the transaction, the Director now directly owns 241,871 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Director Cryan Terence James bought 100,000 shares of the business’s stock. A total of $14,800 was incurred on buying the stock at an average price of $0.15. This leaves the insider owning 358,658 shares of the company worth $0.25 million. A total of 14.06% 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 $0.57. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.16, and a quick ratio of 1.05. The fifty day moving average price for OPTT is $0.1688 and a two-hundred day moving average price translates $0.2192 for the stock.
The latest earnings results from Ocean Power Technologies (AMEX: OPTT) was released for 2024-07-31. The net profit margin was -448.27% and return on equity was -81.80% for OPTT. The company reported revenue of $1.3 million for the quarter, compared to $1.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.28 percent.
