Catalina Capital Group LLC Acquires 4,239 Shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE)

Catalina Capital Group LLC raised its holdings in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,338 shares of the company’s stock after purchasing an additional 4,239 shares during the period. Catalina Capital Group LLC owned approximately 0.42% of Eco Wave Power Global AB (publ) worth $257,000 at the end of the most recent quarter.

Separately, Veracity Capital LLC bought a new stake in shares of Eco Wave Power Global AB (publ) in the fourth quarter valued at approximately $392,000. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

Eco Wave Power Global AB (publ) Trading Down 11.8 %

Shares of Eco Wave Power Global AB (publ) stock opened at $7.51 on Tuesday. The firm’s 50-day moving average price is $11.17 and its two-hundred day moving average price is $7.42. The company has a market capitalization of $41.68 million, a price-to-earnings ratio of -17.47 and a beta of -0.72. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 12-month low of $1.01 and a 12-month high of $17.63.

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

Wall Street Analyst Weigh In

Separately, Alliance Global Partners started coverage on Eco Wave Power Global AB (publ) in a report on Monday. They issued a “buy” rating and a $14.00 price objective for the company.

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.