Somewhat Positive News Coverage Somewhat Unlikely to Impact Ocean Power Technologies (OPTT) Stock Price

News coverage about Ocean Power Technologies (NASDAQ:OPTT) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ocean Power Technologies earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.2429079600979 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of NASDAQ:OPTT traded up $0.05 during trading on Monday, reaching $1.15. The company had a trading volume of 592,550 shares, compared to its average volume of 782,912. Ocean Power Technologies has a twelve month low of $1.02 and a twelve month high of $3.67.

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Ocean Power Technologies (NASDAQ:OPTT) last issued its quarterly earnings results on Tuesday, March 6th. The energy company reported ($0.09) earnings per share for the quarter. Ocean Power Technologies had a negative return on equity of 86.28% and a negative net margin of 1,306.84%.

Separately, ValuEngine raised shares of Ocean Power Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.

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About Ocean Power Technologies

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.

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