Applied Energetics (OTCMKTS:AERG) Announces Quarterly Earnings Results

Applied Energetics (OTCMKTS:AERG) issued its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 456.54%.

Applied Energetics Stock Down 2.3%

AERG stock traded down $0.03 during midday trading on Thursday, reaching $1.25. The company’s stock had a trading volume of 57,481 shares, compared to its average volume of 100,251. The business’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.30. The stock has a market cap of $280.05 million, a PE ratio of -15.62 and a beta of 0.97. Applied Energetics has a 52 week low of $0.96 and a 52 week high of $2.20.

About Applied Energetics

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter?personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea?based systems.