Applied Energetics (OTCMKTS:AERG) Announces Earnings Results

Applied Energetics (OTCMKTS:AERG) issued its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Applied Energetics had a negative net margin of 348.32% and a negative return on equity of 563.54%.

Applied Energetics Price Performance

OTCMKTS:AERG traded down $0.02 on Friday, reaching $0.72. 29,414 shares of the company’s stock were exchanged, compared to its average volume of 98,055. The stock has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $0.85. Applied Energetics has a 52 week low of $0.43 and a 52 week high of $2.15. The firm has a market cap of $157.35 million, a price-to-earnings ratio of -24.03 and a beta of 0.23.

About Applied Energetics

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.