Applied Energetics (OTCMKTS:AERG) Trading 2.6% Higher - Still a Buy?

Key Points

• Applied Energetics Inc. saw its stock price increase by 2.6% to $1.95, although trading volume dropped significantly by 36% from its average.
• Analysts at Wall Street Zen downgraded the company's rating from "hold" to "sell," reflecting decreased confidence in the stock.
• The company reported a negative earnings per share of ($0.02) and a return on equity of -571.08%, indicating significant financial challenges.

Applied Energetics Inc. (OTCMKTS:AERG - Get Free Report) traded up 2.6% during trading on Tuesday . The company traded as high as $2.14 and last traded at $1.95. 96,362 shares were traded during mid-day trading, a decline of 36% from the average session volume of 151,336 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

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

Applied Energetics Price Performance

The firm has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.58. The stock has a market capitalization of $427.79 million, a price-to-earnings ratio of -48.75 and a beta of 0.87.

Applied Energetics (OTCMKTS:AERG - Get Free Report) last released its quarterly earnings data 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.

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