Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Issues Quarterly Earnings Results

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) announced its earnings results on Monday. The company reported ($0.12) EPS for the quarter, Zacks reports. The firm had revenue of $0.17 million for the quarter.

Eco Wave Power Global AB (publ) Stock Down 2.4 %

Shares of Eco Wave Power Global AB (publ) stock traded down $0.18 during midday trading on Wednesday, hitting $7.23. The company had a trading volume of 1,896 shares, compared to its average volume of 310,940. Eco Wave Power Global AB has a 52-week low of $1.01 and a 52-week high of $17.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current ratio of 3.26. The stock has a market capitalization of $40.09 million, a P/E ratio of -16.80 and a beta of -0.73. The company has a 50 day moving average of $9.44 and a 200 day moving average of $8.23.

Analysts Set New Price Targets

Separately, Alliance Global Partners initiated coverage on shares of Eco Wave Power Global AB (publ) in a research report on Monday, February 3rd. They set a “buy” rating and a $14.00 price target for the company.

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. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.