Ocean Power Technologies Inc. (NASDAQ:OPTT) changes shares on Thursday trading session, with a change of 16.53% or $0.16 shares. The trading starts at $0.979 and closed at $0.97 throughout the day. The trading session low price was $0.932 and day high was $1.24 on Thursday, August 06. After the session, the Industrials sector daily volume shifted to 4.94 million while its average volume is 1.96M. In other hand, the OPTT market cap reached to $20.00M.
On May 18, 2018, BRIEF-Ocean Power Says Matthew May Joined Co As VP, Global Business Development. According to the news reported on Reuters, * MATTHEW MAY JOINS OCEAN POWER TECHNOLOGIES AS VICE PRESIDENT, GLOBAL BUSINESS DEVELOPMENT Source text for Eikon: Further company coverage:
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 32.94% and up 60.22% for month. Its quarterly performance was 170.21% above, while its half year performance is up 38.62%. OPTT yearly performance stood at negative -17.52% and rise 29.89% for year-to-date. Current recommendation for Ocean Power Technologies Inc. is 3.00.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OPTT EPS (TTM) for 12-month is -1.61. Its EPS Q/Q reached 87.60%. It has an EPS of 60.50% up for past five years.
Let’s take a look on the analyst recommendations on OPTT for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $1200.00 – $1200.00. Average target price for OPTT was reached at $1200.00.
The insider ownership moved to 0.15% and institutional holding shifted to 1.20%.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OPTT rise 51.27% for period of 200 days. SMA for 50 days was 66.27% which is showing green signal, while SMA-20 was 47.81%. The moving average value for Ocean Power Technologies Inc. (OPTT) is 106.07k and 0.22% for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in OPTT stock. On Aug 16, STEIN KEVIN, Director, bought 30,000 trading shares at the cost of $1.53, which valued at 45900.0.