Ocean Power Technologies (OPTT) Earning Somewhat Positive News Coverage, Analysis Shows

News coverage about Ocean Power Technologies (NASDAQ:OPTT) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ocean Power Technologies earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 44.751033953613 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Ocean Power Technologies (NASDAQ OPTT) traded down $0.02 on Tuesday, hitting $1.14. The stock had a trading volume of 1,586,046 shares, compared to its average volume of 869,212. The stock has a market cap of $22.10, a PE ratio of -1.27 and a beta of 4.31. Ocean Power Technologies has a twelve month low of $1.02 and a twelve month high of $3.67.

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Ocean Power Technologies (NASDAQ:OPTT) last issued its quarterly earnings data on Tuesday, March 6th. The energy company reported ($0.09) earnings per share (EPS) for the quarter. Ocean Power Technologies had a negative return on equity of 86.28% and a negative net margin of 1,306.84%.

Separately, ValuEngine raised Ocean Power Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.

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Ocean Power Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Ocean Power Technologies (NASDAQ:OPTT)

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