Ocean Power Technologies, Inc. (OPTT) Sets 1 Year Low

June 29, 2018 - By Michael Lund

Ocean Power Technologies, Inc. (NASDAQ:OPTT) Corporate Logo

Today Ocean Power Technologies, Inc. (NASDAQ:OPTT) with $0.83 share price, broke into one-year low with $0.79 price target or 4.00 % below. Barchart.com reported the one-year low on Jun, 29. It has $15.03 million market cap. At $0.79 price target, the company’s valuation could be $601,200 less.

The stock decreased 6.46% or $0.0572 during the last trading session, hitting $0.8279.Ocean Power Technologies, Inc. has 623,387 shares volume, 57.12% up from normal. OPTT is downtrending and has moved 20.57% since June 29, 2017. The stock underperformed the S&P500 by 33.14%.

A couple more Ocean Power Technologies, Inc. (NASDAQ:OPTT) news were posted by: Streetinsider.com which released on June 25, 2018 “Ocean Power Technologies (OPTT) Granted Patent to Optimize Energy Harvesting in Low to Moderate Sea States”, also Nasdaq.com on June 28, 2018 posted “Ocean Power Technologies Signs Contract with Premier Oil for a PowerBuoyâ„¢ deployment in the Central North Sea”, the next Nasdaq.com is “Ocean Power Technologies Receives Patent to Optimize Energy Harvesting in Low to Moderate Sea States” on June 25, 2018. Globenewswire.com has article titled “Ocean Power Technologies to Present at the 8th Annual LD Micro Invitational”.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Australia, and Asia.The firm is valued at $15.03 million. It offers PowerBuoy system that is designed to generate power for use independent of the power grid in remote offshore locations.Last it reported negative earnings. The firm focuses on serving public and private entities, and agencies that require remote offshore power.

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