Applied Energetics (OTCMKTS:AERG) Shares Up 5.2% – Time to Buy?

Applied Energetics Inc. (OTCMKTS:AERG) shot up 5.2% during mid-day trading on Wednesday . The stock traded as high as $1.45 and last traded at $1.42. 146,525 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 117,661 shares. The stock had previously closed at $1.35.

Applied Energetics Stock Up 5.2%

The company has a market cap of $317.91 million, a PE ratio of -23.67 and a beta of 0.94. The firm’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.54.

Applied Energetics (OTCMKTS:AERG) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 464.23%. The business had revenue of $0.07 million during the quarter.

About Applied Energetics

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter‐personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea‐based systems.