StockNews.com upgraded shares of Ocean Power Technologies (NASDAQ:OPTT – Free Report) to a sell rating in a report issued on Friday morning.
Ocean Power Technologies Trading Up 2.6 %
NASDAQ:OPTT opened at $0.66 on Friday. Ocean Power Technologies has a 52-week low of $0.12 and a 52-week high of $1.75. The business’s fifty day moving average is $0.65 and its 200 day moving average is $0.35.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Sargent Investment Group LLC purchased a new position in Ocean Power Technologies in the 3rd quarter worth approximately $31,000. Penbrook Management LLC bought a new stake in shares of Ocean Power Technologies during the 4th quarter worth $32,000. Finally, Arkadios Wealth Advisors purchased a new position in Ocean Power Technologies in the fourth quarter worth $102,000. 11.93% of the stock is currently owned by hedge funds and other institutional investors.
Ocean Power Technologies Company Profile
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.
Read More
- Five stocks we like better than Ocean Power Technologies
- Why Invest in High-Yield Dividend Stocks?
- MarketBeat Week in Review – 01/27 – 01/31
- What is the Euro STOXX 50 Index?
- Trump 2.0: This Sector May See A Big Performance Boost
- 3 REITs to Buy and Hold for the Long Term
- Nebius Group: Market Overreaction or Real AI Disruption?
Receive News & Ratings for Ocean Power Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocean Power Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
