Applied Energetics (OTCMKTS:AERG) Shares Up 13.2% - Here's Why

Applied Energetics, Inc. (OTCMKTS:AERG - Get Free Report)'s share price shot up 13.2% on Monday . The stock traded as high as $2.50 and last traded at $2.48. 407,321 shares changed hands during trading, an increase of 241% from the average session volume of 119,401 shares. The stock had previously closed at $2.19.

Applied Energetics Stock Performance

The firm's fifty day moving average is $1.04 and its 200-day moving average is $0.91. The company has a market capitalization of $520.36 million, a P/E ratio of -79.42 and a beta of 0.31.

Applied Energetics (OTCMKTS:AERG - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.76 million for the quarter. Applied Energetics had a negative net margin of 348.32% and a negative return on equity of 563.54%.

About Applied Energetics

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.