The stock of Ocean Power Technologies (AMEX:OPTT) last traded at $0.18, up 14.96% from the previous session.
OPTT stock price is now 14.16% away from the 50-day moving average and -17.99% away from the 200-day moving average. The market capitalization of the company currently stands at $22.84M.
On May 09, 2013, Ascendiant Capital Markets recently initiated its ‘Strong Buy’ rating on the stock quoting a target price of $5, while ‘UBS’ rates the stock as ‘Buy’
In other news, Cryan Terence James, Director bought 100,000 shares of the company’s stock on Nov 13 ’24. The stock was bought for $14,800 at an average price of $0.15. Upon completion of the transaction, the Director now directly owns 358,658 shares in the company, valued at $64558.44. A total of 14.00% of the company’s stock is owned by insiders.
During the past 12 months, Ocean Power Technologies has had a low of $0.12 and a high of $0.57. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.16, and a quick ratio of 1.05. The fifty day moving average price for OPTT is $0.1582 and a two-hundred day moving average price translates $0.21925 for the stock.
The latest earnings results from Ocean Power Technologies (AMEX: OPTT) was released for 2024-07-31. The net profit margin was -448.27% and return on equity was -81.80% for OPTT. The company reported revenue of $1.3 million for the quarter, compared to $1.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.28 percent.
