Ocean Power Technologies, Inc. (NASDAQ:OPTT - Get Free Report) Director Terence James Cryan purchased 100,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were bought at an average price of $0.15 per share, for a total transaction of $15,000.00. Following the completion of the transaction, the director now owns 358,658 shares of the company's stock, valued at approximately $53,798.70. This trade represents a 38.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Ocean Power Technologies Stock Performance
OPTT stock opened at $0.14 on Friday. The firm has a 50 day moving average of $0.16 and a 200-day moving average of $0.20. The firm has a market capitalization of $13.71 million, a P/E ratio of -0.35 and a beta of 2.18. Ocean Power Technologies, Inc. has a 12 month low of $0.12 and a 12 month high of $0.57.
Ocean Power Technologies (NASDAQ:OPTT - Get Free Report) last announced its quarterly earnings results on Monday, September 16th. The energy company reported ($0.05) EPS for the quarter. The firm had revenue of $1.30 million during the quarter. Ocean Power Technologies had a negative net margin of 448.27% and a negative return on equity of 101.04%.
Institutional Investors Weigh In On Ocean Power Technologies
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An institutional investor recently bought a new position in Ocean Power Technologies stock. Sargent Investment Group LLC bought a new stake in Ocean Power Technologies, Inc. (NASDAQ:OPTT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the energy company's stock, valued at approximately $31,000. Sargent Investment Group LLC owned approximately 0.20% of Ocean Power Technologies at the end of the most recent reporting period. 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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