Applied Energetics (OTCMKTS:AERG) Posts Earnings Results

Applied Energetics (OTCMKTS:AERG) posted its earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Applied Energetics had a negative net margin of 636.33% and a negative return on equity of 571.08%.

Applied Energetics Price Performance

Shares of AERG stock traded down $0.04 during midday trading on Wednesday, hitting $1.61. The company had a trading volume of 9,079 shares, compared to its average volume of 129,216. The stock has a market cap of $359.75 million, a price-to-earnings ratio of -40.25 and a beta of 0.82. The company’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.77. Applied Energetics has a 52-week low of $0.58 and a 52-week high of $2.99.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Applied Energetics from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

Applied Energetics Company Profile

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.