Applied Energetics (OTCMKTS:AERG) Shares Up 9.1% – Still a Buy?

Shares of Applied Energetics Inc. (OTCMKTS:AERG) rose 9.1% on Thursday . The stock traded as high as $0.92 and last traded at $0.84. 555,366 shares traded hands during trading, an increase of 215% from the average daily volume of 176,560 shares. The stock had previously closed at $0.77.

Applied Energetics Stock Up 9.1%

The company’s 50-day moving average is $1.21 and its 200-day moving average is $1.27. The stock has a market capitalization of $188.27 million, a price-to-earnings ratio of -10.50 and a beta of 0.75.

Applied Energetics (OTCMKTS:AERG) last posted its earnings results on Thursday, August 13th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.06 million during the quarter. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 454.83%.

About Applied Energetics

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter‐personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea‐based systems.