Positive News Coverage Somewhat Unlikely to Impact Ocean Power Technologies (NASDAQ:OPTT) Stock Price

Media coverage about Ocean Power Technologies (NASDAQ:OPTT) has been trending positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocean Power Technologies earned a media sentiment score of 0.45 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.5488190623988 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Ocean Power Technologies (NASDAQ OPTT) traded down $0.01 during trading hours on Tuesday, hitting $1.12. The stock had a trading volume of 211,687 shares, compared to its average volume of 798,429. The stock has a market capitalization of $20.64, a price-to-earnings ratio of -0.96 and a beta of 4.48. Ocean Power Technologies has a 52-week low of $1.02 and a 52-week high of $3.67.

Ocean Power Technologies (NASDAQ:OPTT) last released its quarterly earnings data on Tuesday, December 12th. The energy company reported ($0.20) earnings per share for the quarter. The company had revenue of $0.09 million for the quarter. Ocean Power Technologies had a negative net margin of 1,306.84% and a negative return on equity of 103.70%.

Separately, ValuEngine raised Ocean Power Technologies from a “strong sell” rating to a “sell” rating in a research note 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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