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

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

Eco Wave Power Global AB (publ) Trading Up 7.4 %

WAVE traded up $0.55 during mid-day trading on Wednesday, hitting $7.95. 819 shares of the stock were exchanged, compared to its average volume of 310,938. Eco Wave Power Global AB has a 1-year low of $1.01 and a 1-year high of $17.63. The firm’s fifty day moving average is $9.44 and its two-hundred day moving average is $8.23. The company has a market cap of $44.11 million, a PE ratio of -18.49 and a beta of -0.73. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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

Eco Wave Power Global AB (publ) Company Profile

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.