Media headlines about Ocean Power Technologies (NASDAQ:OPTT) have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ocean Power Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 46.4573806505943 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Ocean Power Technologies (NASDAQ:OPTT) traded down 3.45% on Friday, hitting $1.40. 610,162 shares of the company were exchanged. Ocean Power Technologies has a 52-week low of $1.14 and a 52-week high of $6.00. The company has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.47. The firm’s market cap is $17.36 million.
Ocean Power Technologies (NASDAQ:OPTT) last posted its earnings results on Thursday, September 7th. The energy company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $0.20 million for the quarter. Ocean Power Technologies had a negative return on equity of 125.57% and a negative net margin of 995.22%. Analysts predict that Ocean Power Technologies will post ($5.65) EPS for the current fiscal year.
About Ocean Power Technologies
Ocean Power Technologies, Inc is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company’s PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity.
Receive News & Ratings for Ocean Power Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocean Power Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.