Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Stock Price Up 16.3% – Should You Buy?

Shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) were up 16.3% during mid-day trading on Friday . The stock traded as high as $6.60 and last traded at $6.60. Approximately 74,311 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 354,682 shares. The stock had previously closed at $5.68.

Eco Wave Power Global AB (publ) Stock Up 16.3 %

The business has a 50-day moving average of $4.09 and a 200 day moving average of $3.33. The company has a market capitalization of $36.63 million, a PE ratio of -18.33 and a beta of -0.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.46 and a quick ratio of 3.46.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.09) earnings per share (EPS) for the quarter.

Eco Wave Power Global AB (publ) Company Profile

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.