Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Stock Price Down 5.5%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE)’s share price dropped 5.5% on Thursday . The company traded as low as $3.42 and last traded at $3.45. Approximately 14,334 shares traded hands during trading, a decline of 96% from the average daily volume of 382,435 shares. The stock had previously closed at $3.65.

Eco Wave Power Global AB (publ) Stock Down 5.5 %

The company has a market capitalization of $19.15 million, a PE ratio of -9.86 and a beta of -0.68. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $3.34 and a two-hundred day simple moving average of $2.90.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.