Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Stock Price Up 6.8% – Here’s What Happened

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) rose 6.8% during mid-day trading on Friday . The stock traded as high as $11.65 and last traded at $11.30. Approximately 66,149 shares were traded during trading, a decline of 79% from the average daily volume of 315,359 shares. The stock had previously closed at $10.58.

Eco Wave Power Global AB (publ) Trading Up 6.8 %

The firm’s 50 day simple moving average is $8.12 and its two-hundred day simple moving average is $4.95. The stock has a market capitalization of $62.72 million, a P/E ratio of -26.28 and a beta of -0.66. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Institutional Trading of Eco Wave Power Global AB (publ)

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC acquired a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned approximately 0.34% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 0.57% of the stock is owned by hedge funds and other institutional investors.

Eco Wave Power Global AB (publ) Company Profile

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. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.