Ocean Power Technologies (AMEX: OPTT) Stock Dropped -18.02% Over A Month – Is There Any Hope Of A Gain?

During the recent session, Ocean Power Technologies (AMEX:OPTT)’s traded shares were 16.02 million, with the beta value of the company hitting 2.18. At the last check today, the stock’s price was $0.17, reflecting an intraday loss of -8.61% or -$0.01. The 52-week high for the OPTT share is $0.77, that puts it down -352.94 from that peak though still a striking 29.41% gain since the share price plummeted to a 52-week low of $0.12. The company’s market capitalization is $9.85M, and the average trade volume was 9.21 million shares over the past three months.

Ocean Power Technologies (AMEX:OPTT) trade information

Ocean Power Technologies (OPTT) registered a -8.61% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -8.61% in intraday trading to $0.17, hitting a weekly high. The stock’s 5-day price performance is 27.38%, and it has moved by -18.02% in 30 days. Based on these gigs, the overall price performance for the year is -71.93%.

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An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 48.68%.

OPTT Dividends

Ocean Power Technologies is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.