Ocean Power Technologies, Inc. (NASDAQ:OPTT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.51 and traded as high as $0.58. Ocean Power Technologies shares last traded at $0.57, with a volume of 6,454,369 shares traded.
Ocean Power Technologies Stock Performance
The firm has a market cap of $89.96 million, a P/E ratio of -1.56 and a beta of 2.49. The business's 50-day simple moving average is $0.56 and its 200 day simple moving average is $0.51.
Ocean Power Technologies (NASDAQ:OPTT - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The energy company reported ($0.04) EPS for the quarter. Ocean Power Technologies had a negative return on equity of 97.03% and a negative net margin of 304.91%.During the same period in the prior year, the business posted ($0.05) earnings per share.
Institutional Trading of Ocean Power Technologies
Several hedge funds have recently bought and sold shares of OPTT. Baader Bank Aktiengesellschaft grew its holdings in Ocean Power Technologies by 349.2% during the second quarter. Baader Bank Aktiengesellschaft now owns 100,000 shares of the energy company's stock valued at $47,000 after purchasing an additional 77,738 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Ocean Power Technologies by 29.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 374,187 shares of the energy company's stock valued at $178,000 after acquiring an additional 84,920 shares during the period. Geode Capital Management LLC grew its stake in shares of Ocean Power Technologies by 15.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,796,592 shares of the energy company's stock valued at $853,000 after acquiring an additional 236,542 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Ocean Power Technologies by 31,555.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 68,693 shares of the energy company's stock valued at $33,000 after acquiring an additional 68,476 shares during the period. Institutional investors own 11.93% of the company's stock.
Ocean Power Technologies Company Profile
(
Get Free Report)
Ocean Power Technologies, Inc develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.
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