Ocean Power Technologies, Inc. (NASDAQ:OPTT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.28 and traded as high as $1.60. Ocean Power Technologies shares last traded at $1.41, with a volume of 35,607,423 shares.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Ocean Power Technologies in a report on Tuesday, December 31st. They set a "sell" rating for the company.
View Our Latest Stock Analysis on Ocean Power Technologies
Ocean Power Technologies Stock Down 24.1 %
The firm has a market capitalization of $156.26 million, a P/E ratio of -2.67 and a beta of 2.63. The company has a fifty day simple moving average of $0.39 and a 200 day simple moving average of $0.28.
Institutional Trading of Ocean Power Technologies
A hedge fund recently bought a new stake in Ocean Power Technologies stock. Sargent Investment Group LLC bought a new position in Ocean Power Technologies, Inc. (NASDAQ:OPTT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the energy company's stock, valued at approximately $31,000. Sargent Investment Group LLC owned about 0.20% of Ocean Power Technologies as of its most recent filing with the SEC. 11.93% of the stock is owned by institutional investors.
About Ocean Power Technologies
(
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.
Read More
Before you consider Ocean Power Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ocean Power Technologies wasn't on the list.
While Ocean Power Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
