Ocean Power Technologies, Inc. (NASDAQ:OPTT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.43 and traded as high as $0.56. Ocean Power Technologies shares last traded at $0.50, with a volume of 6,075,066 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded Ocean Power Technologies to a "sell" rating in a research report on Tuesday, March 4th.
View Our Latest Analysis on Ocean Power Technologies
Ocean Power Technologies Trading Up 3.4 %
The company has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.44. The company has a market cap of $75.94 million, a PE ratio of -1.63 and a beta of 2.57.
Institutional Investors Weigh In On Ocean Power Technologies
Several large investors have recently bought and sold shares of the stock. LPL Financial LLC purchased a new stake in Ocean Power Technologies during the 4th quarter worth about $26,000. Penbrook Management LLC purchased a new stake in Ocean Power Technologies during the 4th quarter worth about $32,000. Virtu Financial LLC increased its holdings in Ocean Power Technologies by 57.9% during the 4th quarter. Virtu Financial LLC now owns 111,182 shares of the energy company's stock worth $113,000 after purchasing an additional 40,772 shares during the period. Arkadios Wealth Advisors purchased a new stake in Ocean Power Technologies during the 4th quarter worth about $102,000. Finally, Geode Capital Management LLC boosted its position in shares of Ocean Power Technologies by 35.3% during the 4th quarter. Geode Capital Management LLC now owns 1,012,955 shares of the energy company's stock worth $1,033,000 after acquiring an additional 264,382 shares in the last quarter. Hedge funds and other institutional investors own 11.93% of the company's stock.
Ocean Power Technologies Company Profile
(
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.
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