Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Earns Buy Rating from Analysts at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a report released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

Eco Wave Power Global AB (publ) Trading Up 3.6 %

Shares of NASDAQ:WAVE opened at $8.03 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current ratio of 3.26. The stock has a market capitalization of $44.57 million, a price-to-earnings ratio of -18.67 and a beta of -0.72. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The company has a 50 day moving average price of $11.06 and a 200 day moving average price of $7.47.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last issued its earnings results on Thursday, November 21st. The company reported ($0.10) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Eco Wave Power Global AB (publ)

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC bought a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. Hedge funds and other institutional investors own 0.57% of the company’s stock.

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. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.