Energous (NASDAQ:WATT) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Energous Co. (NASDAQ:WATT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.56 and traded as low as $0.28. Energous shares last traded at $0.34, with a volume of 891,000 shares.

Energous Stock Up 7.8 %

The stock’s fifty day moving average price is $0.47 and its two-hundred day moving average price is $0.56. The company has a market capitalization of $10.20 million, a PE ratio of -0.11 and a beta of 2.41.

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

Institutional Trading of Energous

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC acquired a new position in Energous Co. (NASDAQ:WATT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 reporting period. 4.35% of the stock is currently owned by institutional investors and hedge funds.

About Energous

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.