Energous (NASDAQ:WATT) Shares Cross Below 200 Day Moving Average of $1.26

Energous Co. (NASDAQ:WATT)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.26 and traded as low as $0.57. Energous shares last traded at $0.59, with a volume of 228,550 shares changing hands.

Energous Stock Up 3.4 %

The company has a market cap of $4.02 million, a PE ratio of -0.16 and a beta of 2.63. The company has a 50-day moving average of $0.84 and a 200-day moving average of $1.26.

Energous (NASDAQ:WATT) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.73) earnings per share for the quarter, topping the consensus estimate of ($0.87) by $0.14. The business had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.14 million. Energous had a negative return on equity of 203.70% and a negative net margin of 5,276.82%. As a group, equities analysts predict that Energous Co. will post -3.01 EPS for the current year.

Institutional Trading of Energous

An institutional investor recently raised its position in Energous stock. Armistice Capital LLC raised its holdings in shares of Energous Co. (NASDAQ:WATT) by 44.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 408,000 shares of the industrial products company’s stock after buying an additional 126,409 shares during the quarter. Armistice Capital LLC owned about 6.24% of Energous worth $445,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.35% of the company’s stock.

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.