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The closing price of Ocean Power Technologies (AMEX: OPTT) was $0.52 for the day, down -4.07% from the previous closing price of $0.54. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 3.02 million shares were traded.
Ratios:
Our analysis of OPTT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.97 and its Current Ratio is at 3.88. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 09, 2013, Ascendiant Capital Markets started tracking the stock assigning a Strong Buy rating and target price of $5.
UBS reiterated its Buy rating for the stock on July 17, 2008, while the target price for the stock was revised from $19 to $14.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 25 ’24 when Slaiby Peter E. bought 35,000 shares for $0.19 per share. The transaction valued at 6,713 led to the insider holds 241,871 shares of the business.
Cryan Terence James bought 100,000 shares of OPTT for $14,800 on Nov 13 ’24. The Director now owns 358,658 shares after completing the transaction at $0.15 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 14.65 while its Price-to-Book (P/B) ratio in mrq is 3.05.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $1.75, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 10.38%, while the 200-Day Moving Average is calculated to be 18.10%.
Shares Statistics:
A total of 170.00M shares are outstanding, with a floating share count of 153.75M. Insiders hold about 10.99% of the company’s shares, while institutions hold 8.21% stake in the company.
