Ocean Power Technologies (OPTT) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Ocean Power Technologies (NASDAQ:OPTT) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ocean Power Technologies earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.8087168269288 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Technical Secrets – Ocean Power Technologies, Inc. (NASDAQ: OPTT) – The Investor Guide (wallstreetnews24.com)
- Ocean Power Technologies, Inc. (OPTT) Endeavor to Hijack Street on Volatility Facts – Stock News Stop (stockmarketstop.com)
- Free Research Report as Zebra Technologies’ Net Sales Grew 3%, Non-GAAP Surged 31% (finance.yahoo.com)
- Investor’s Alert (Technicals Data Analysis) – Ocean Power Technologies, Inc. (NASDAQ: OPTT) – The Investor Guide (wallstreetnews24.com)
Shares of Ocean Power Technologies (NASDAQ OPTT) traded down $0.02 during mid-day trading on Monday, hitting $1.08. The stock had a trading volume of 427,700 shares, compared to its average volume of 779,682. Ocean Power Technologies has a 12-month low of $1.02 and a 12-month high of $3.67. The firm has a market capitalization of $20.09, a price-to-earnings ratio of -0.92 and a beta of 4.44.
Ocean Power Technologies (NASDAQ:OPTT) last announced its quarterly earnings results on Tuesday, December 12th. The energy company reported ($0.20) EPS for the quarter. Ocean Power Technologies had a negative net margin of 1,306.84% and a negative return on equity of 103.70%. The firm had revenue of $0.09 million for the quarter.
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About Ocean Power Technologies
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.
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