Energous (NASDAQ:WATT) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Energous Co. (NASDAQ:WATT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.50 and traded as low as $0.26. Energous shares last traded at $0.27, with a volume of 509,517 shares.

Energous Trading Down 5.8 %

The company has a market capitalization of $8.12 million, a PE ratio of -0.09 and a beta of 2.33. The business’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.50.

Energous (NASDAQ:WATT) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported ($0.33) earnings per share for the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. The business had revenue of $0.43 million during the quarter. As a group, equities research analysts anticipate that Energous Co. will post -3.01 EPS for the current year.

Institutional Trading of Energous

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC bought a new position in Energous Co. (NASDAQ:WATT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.33% of Energous at the end of the most recent quarter. 4.35% of the stock is currently owned by institutional investors.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.