Applied Energetics (OTCMKTS:AERG) Announces Quarterly Earnings Results

Key Points

• Applied Energetics reported a negative earnings per share (EPS) of ($0.02) for the quarter, reflecting a negative return on equity of 413.63% and a net margin of 386.66%.
• The company's stock price decreased 2.0% to $1.94, with a market capitalization of $424.94 million and a 52-week trading range between $0.43 and $2.99.
• Wall Street Zen upgraded Applied Energetics to a "hold" rating, indicating a reassessment of the stock's potential following the earnings report.

Applied Energetics (OTCMKTS:AERG - Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. Applied Energetics had a negative return on equity of 571.08% and a negative net margin of 636.33%.

Applied Energetics Stock Down 7.7%

OTCMKTS:AERG traded down $0.14 on Monday, reaching $1.69. The company's stock had a trading volume of 182,691 shares, compared to its average volume of 125,487. The firm has a market cap of $370.19 million, a price-to-earnings ratio of -42.25 and a beta of 0.85. Applied Energetics has a 12-month low of $0.43 and a 12-month high of $2.99. The stock has a 50 day moving average price of $2.12 and a 200 day moving average price of $1.38.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Applied Energetics from a "hold" rating to a "sell" rating in a research note on Saturday.

Applied Energetics Company Profile

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.