Ocean Power Technologies, Inc. (OPTT) Reached 52-Week Low on Jun, 29 at $0.83

June 29, 2018 - By Anthony Rauscher

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.

OPTT is touching $0.8279 during the last trading session, after decreased 6.46%.Ocean Power Technologies, Inc. is downtrending after having declined 20.57% since June 29, 2017. OPTT has 623,387 volume or 57.12% up from normal. OPTT underperformed the S&P500 by 33.14%.

A couple more Ocean Power Technologies, Inc. (NASDAQ:OPTT) news were announced 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 25, 2018 announced “Ocean Power Technologies Receives Patent to Optimize Energy Harvesting in Low to Moderate Sea States”, the next Globenewswire.com is “Ocean Power Technologies to Present at the 8th Annual LD Micro Invitational” on May 31, 2018. Nasdaq.com has article titled “Ocean Power Technologies Signs Contract with Premier Oil for a PowerBuoyâ„¢ deployment in the Central North Sea”.

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 worth $15.03 million. It offers PowerBuoy system that is designed to generate power for use independent of the power grid in remote offshore locations.Currently it has negative earnings. The firm focuses on serving public and private entities, and agencies that require remote offshore power.

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