Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Shares Down 5.5%

Eco Wave Power Global AB (publ) (NASDAQ:WAVE)’s share price traded down 5.5% during mid-day trading on Thursday . The company traded as low as $3.42 and last traded at $3.45. 14,334 shares were traded during trading, a decline of 96% from the average session volume of 382,435 shares. The stock had previously closed at $3.65.

Eco Wave Power Global AB (publ) Stock Down 5.5 %

The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $19.15 million, a PE ratio of -9.86 and a beta of -0.68. The firm’s fifty day moving average is $3.34 and its 200-day moving average is $2.90.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.