Applied Energetics (OTCMKTS:AERG) Trading Down 3.9% - Here's What Happened

Key Points

• Applied Energetics shares fell by 3.9%, closing at $1.91 after trading as low as that price during the session.
• Despite the drop, the company received a past upgrade to a "hold" rating from Wall Street Zen.
• Applied Energetics has a market capitalization of $418.27 million and a P/E ratio of -63.67.

Applied Energetics Inc. (OTCMKTS:AERG - Get Free Report) shares were down 3.9% during mid-day trading on Friday . The stock traded as low as $1.91 and last traded at $1.91. Approximately 98,666 shares traded hands during trading, an increase of 11% from the average daily volume of 88,796 shares. The stock had previously closed at $1.99.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Applied Energetics to a "hold" rating in a research note on Friday, July 11th.

Applied Energetics Stock Performance

The firm has a market capitalization of $437.98 million, a P/E ratio of -66.67 and a beta of 0.85. The stock has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $1.33.

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.