Energous (NASDAQ:WATT) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Energous Co. (NASDAQ:WATT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.56 and traded as low as $0.28. Energous shares last traded at $0.34, with a volume of 891,000 shares trading hands.

Energous Price Performance

The firm has a market cap of $10.20 million, a P/E ratio of -0.11 and a beta of 2.41. The stock has a 50 day moving average of $0.47 and a 200 day moving average of $0.56.

Energous (NASDAQ:WATT) last released its earnings results on Thursday, February 27th. The industrial products company reported ($0.33) EPS for the quarter. The firm had revenue of $0.43 million during the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. On average, research analysts predict that Energous Co. will post -3.01 EPS for the current fiscal year.

Institutional Trading of Energous

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC purchased a new stake in shares of Energous Co. (NASDAQ:WATT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.33% of Energous as of its most recent SEC filing. Hedge funds and other institutional investors own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.