Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Issues Quarterly Earnings Results

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) released its earnings results on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports.

Eco Wave Power Global AB (publ) Trading Up 0.1%

Shares of WAVE stock traded up $0.01 during trading hours on Wednesday, hitting $8.16. 17,274 shares of the company were exchanged, compared to its average volume of 29,348. The firm has a fifty day moving average of $8.23 and a 200 day moving average of $7.33. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 1 year low of $4.41 and a 1 year high of $17.63. The firm has a market cap of $45.29 million, a PE ratio of -15.11 and a beta of -0.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WAVE shares. Wall Street Zen lowered shares of Eco Wave Power Global AB (publ) from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.