NASDAQ:OPTT - Ocean Power Technologies Stock Price, News & Analysis

$1.95
+0.05 (+2.63 %)
(As of 09/19/2019 04:00 PM ET)
Today's Range
$1.86
Now: $1.95
$2.12
50-Day Range
$1.38
MA: $1.65
$2.09
52-Week Range
$1.36
Now: $1.95
$16.20
Volume669,500 shs
Average Volume552,906 shs
Market Capitalization$11.25 million
P/E RatioN/A
Dividend YieldN/A
Beta3.03
Ocean Power Technologies, Inc. is a renewable wave-energy technology company, which engages in the development of commercialize proprietary systems that generate electricity through ocean waves. It offers the PB3 PowerBuoy which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North America; Europe; and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Pennington, NJ.

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:OPTT
CUSIPN/A
Phone609-730-0400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$630,000.00
Book Value$2.91 per share

Profitability

Net Income$-12,250,000.00
Net Margins-1,500.25%

Miscellaneous

EmployeesN/A
Market Cap$11.25 million
Next Earnings Date12/9/2019 (Estimated)
OptionableNot Optionable

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Ocean Power Technologies (NASDAQ:OPTT) Frequently Asked Questions

What is Ocean Power Technologies' stock symbol?

Ocean Power Technologies trades on the NASDAQ under the ticker symbol "OPTT."

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies Inc (NASDAQ:OPTT) issued its quarterly earnings results on Monday, July, 22nd. The energy company reported ($1.05) earnings per share (EPS) for the quarter. The energy company earned $0.19 million during the quarter. Ocean Power Technologies had a negative return on equity of 173.42% and a negative net margin of 1,500.25%. View Ocean Power Technologies' Earnings History.

When is Ocean Power Technologies' next earnings date?

Ocean Power Technologies is scheduled to release their next quarterly earnings announcement on Monday, December 9th 2019. View Earnings Estimates for Ocean Power Technologies.

Has Ocean Power Technologies been receiving favorable news coverage?

Headlines about OPTT stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ocean Power Technologies earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage about the energy company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Ocean Power Technologies.

Are investors shorting Ocean Power Technologies?

Ocean Power Technologies saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 91,800 shares, a decline of 19.3% from the July 31st total of 113,700 shares. Based on an average daily volume of 377,600 shares, the short-interest ratio is currently 0.2 days. Currently, 1.6% of the shares of the stock are sold short. View Ocean Power Technologies' Current Options Chain.

Who are some of Ocean Power Technologies' key competitors?

What other stocks do shareholders of Ocean Power Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocean Power Technologies investors own include Plug Power (PLUG), Advanced Micro Devices (AMD), Atossa Genetics (ATOS), Gevo (GEVO), Capstone Turbine (CPST), FuelCell Energy (FCEL), MannKind (MNKD), AVEO Pharmaceuticals (AVEO), CTI BioPharma (CTIC) and DryShips (DRYS).

Who are Ocean Power Technologies' key executives?

Ocean Power Technologies' management team includes the folowing people:
  • George H. Kirby, President, CEO & Executive Director
  • Matthew T. Shafer, CFO, Treasurer, Principal Accounting Officer & VP
  • Matthew May, Vice President-Global Business Development
  • John W. Lawrence, Secretary & General Counsel

Who are Ocean Power Technologies' major shareholders?

Ocean Power Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include AWM Investment Company Inc. (6.06%), Price T Rowe Associates Inc. MD (0.61%), Bank of New York Mellon Corp (0.61%) and Vanguard Group Inc. (0.31%). Company insiders that own Ocean Power Technologies stock include Dean J Glover, George H Kirby III, Kevin Stein and Steven M Fludder. View Institutional Ownership Trends for Ocean Power Technologies.

Which institutional investors are buying Ocean Power Technologies stock?

OPTT stock was bought by a variety of institutional investors in the last quarter, including AWM Investment Company Inc., Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp and Vanguard Group Inc.. Company insiders that have bought Ocean Power Technologies stock in the last two years include Dean J Glover, George H Kirby III, Kevin Stein and Steven M Fludder. View Insider Buying and Selling for Ocean Power Technologies.

How do I buy shares of Ocean Power Technologies?

Shares of OPTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Ocean Power Technologies' stock price today?

One share of OPTT stock can currently be purchased for approximately $1.95.

How big of a company is Ocean Power Technologies?

Ocean Power Technologies has a market capitalization of $11.25 million and generates $630,000.00 in revenue each year. View Additional Information About Ocean Power Technologies.

What is Ocean Power Technologies' official website?

The official website for Ocean Power Technologies is http://www.oceanpowertechnologies.com/.

How can I contact Ocean Power Technologies?

Ocean Power Technologies' mailing address is 28 ENGELHARD DRIVE SUITE B, MONROE TOWNSHIP NJ, 08831. The energy company can be reached via phone at 609-730-0400 or via email at [email protected]


MarketBeat Community Rating for Ocean Power Technologies (NASDAQ OPTT)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  153 (Vote Outperform)
Underperform Votes:  119 (Vote Underperform)
Total Votes:  272
MarketBeat's community ratings are surveys of what our community members think about Ocean Power Technologies and other stocks. Vote "Outperform" if you believe OPTT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OPTT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/19/2019 by MarketBeat.com Staff

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