Applied Energetics (OTCMKTS:AERG) Stock Price Down 10% - Should You Sell?

Key Points

• Applied Energetics' stock price fell by 10% to $1.35, with a trading volume of 138,290 shares on Monday, an increase from its average volume.
• Wall Street Zen downgraded Applied Energetics from a "hold" to a "sell" rating as of August 16th.
• The company reported a negative EPS of ($0.02) for the recent quarter, reflecting significant financial challenges with a negative net margin of 636.33%.

Shares of Applied Energetics Inc. (OTCMKTS:AERG - Get Free Report) traded down 10% on Monday . The company traded as low as $1.34 and last traded at $1.35. 138,290 shares traded hands during trading, an increase of 15% from the average session volume of 119,982 shares. The stock had previously closed at $1.50.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Applied Energetics from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Applied Energetics Stock Performance

The company has a market capitalization of $331.39 million, a P/E ratio of -37.80 and a beta of 0.86. The stock has a fifty day moving average of $1.79 and a 200 day moving average of $1.48.

Applied Energetics (OTCMKTS:AERG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Applied Energetics had a negative return on equity of 571.08% and a negative net margin of 636.33%.

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.