Ocean Power Technologies Target of Unusually Large Options Trading (NASDAQ:OPTT)

Ocean Power Technologies, Inc. (NASDAQ:OPTT) was the target of unusually large options trading activity on Tuesday. Stock traders bought 2,721 call options on the stock. This represents an increase of 2,734% compared to the typical daily volume of 96 call options.

Ocean Power Technologies Price Performance

Shares of NASDAQ OPTT opened at $0.51 on Wednesday. The firm’s 50-day moving average is $0.18 and its two-hundred day moving average is $0.25. The company has a market capitalization of $30.48 million, a PE ratio of -0.99 and a beta of 2.19. Ocean Power Technologies has a 12-month low of $0.12 and a 12-month high of $0.77.

About Ocean Power Technologies

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.