Applied Energetics (OTCMKTS:AERG) Releases Earnings Results

Applied Energetics (OTCMKTS:AERG) issued its quarterly earnings results on Friday. The company reported ($0.02) EPS for the quarter, Zacks reports.

Applied Energetics Trading Down 5.9%

Shares of OTCMKTS:AERG traded down $0.05 during mid-day trading on Friday, reaching $0.83. The company had a trading volume of 52,855 shares, compared to its average volume of 111,495. Applied Energetics has a one year low of $0.64 and a one year high of $2.12. The company’s 50-day moving average price is $0.83 and its 200-day moving average price is $1.16. The firm has a market cap of $185.83 million, a price-to-earnings ratio of -10.35 and a beta of 0.67.

Applied Energetics Company Profile

Applied Energetics, Inc. develops advanced laser and optical technologies, with a focus on applications in defense and directed-energy systems. Its work includes ultrashort-pulse laser technology and Laser Guided Energy, a technology designed to guide electrical energy along a laser-created path. The company was formerly known as Ionatron, Inc. and later adopted the Applied Energetics name. It is based in Tucson, Arizona, where it conducts its technology development and engineering work.