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

Energous Co. (NASDAQ:WATTGet Free Report) 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:WATTGet Free Report) 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:WATTFree Report) 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

(Get Free Report)

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.

Further Reading

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