Applied Energetics (OTCMKTS:AERG) Shares Up 1.8% – Here’s What Happened

Applied Energetics Inc. (OTCMKTS:AERG) traded up 1.8% during mid-day trading on Wednesday . The company traded as high as $1.73 and last traded at $1.69. 62,336 shares traded hands during trading, a decline of 52% from the average session volume of 128,831 shares. The stock had previously closed at $1.66.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Applied Energetics from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th.

Applied Energetics Trading Up 1.8%

The stock has a market capitalization of $377.75 million, a price-to-earnings ratio of -33.80 and a beta of 0.98. The company’s 50 day moving average is $1.73 and its 200 day moving average is $1.84.

Applied Energetics (OTCMKTS:AERG) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. Applied Energetics had a negative net margin of 1,127.41% and a negative return on equity of 919.47%.

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.