Ocean Power Technologies (OPTT) to Release Earnings on Thursday

Ocean Power Technologies (NASDAQ:OPTT) is scheduled to be releasing its Q2 2018 earnings data before the market opens on Thursday, December 7th.

Ocean Power Technologies (NASDAQ:OPTT) last issued its earnings results on Thursday, September 7th. The energy company reported ($0.22) earnings per share for the quarter. Ocean Power Technologies had a negative net margin of 995.22% and a negative return on equity of 125.57%. The firm had revenue of $0.20 million during the quarter.

Shares of Ocean Power Technologies (NASDAQ OPTT) opened at $1.13 on Tuesday. Ocean Power Technologies has a 52 week low of $1.08 and a 52 week high of $4.13.

An institutional investor recently raised its position in Ocean Power Technologies stock. Vanguard Group Inc. lifted its stake in Ocean Power Technologies, Inc. (NASDAQ:OPTT) by 24.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,573 shares of the energy company’s stock after purchasing an additional 19,529 shares during the period. Vanguard Group Inc. owned approximately 1.62% of Ocean Power Technologies worth $138,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.83% of the company’s stock.

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Ocean Power Technologies Company Profile

Ocean Power Technologies, Inc is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company’s PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity.

Earnings History for Ocean Power Technologies (NASDAQ:OPTT)

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