Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Posts Earnings Results

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) released its quarterly earnings data on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.17 million during the quarter.

Eco Wave Power Global AB (publ) Price Performance

NASDAQ WAVE traded down $0.18 during trading on Wednesday, reaching $7.23. The company’s stock had a trading volume of 1,039 shares, compared to its average volume of 310,940. The stock has a market capitalization of $40.09 million, a PE ratio of -16.80 and a beta of -0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. The firm has a fifty day moving average of $9.44 and a 200 day moving average of $8.23. Eco Wave Power Global AB has a one year low of $1.01 and a one year high of $17.63.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners began coverage on Eco Wave Power Global AB (publ) in a research note on Monday, February 3rd. They set a “buy” rating and a $14.00 price objective on the 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.