Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Now Covered by Analysts at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a report issued on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $14.00 price objective on the stock.

Eco Wave Power Global AB (publ) Stock Up 3.6 %

Eco Wave Power Global AB (publ) stock opened at $8.03 on Monday. The firm’s 50 day moving average price is $11.06 and its two-hundred day moving average price is $7.47. The firm has a market cap of $44.57 million, a PE ratio of -18.67 and a beta of -0.72. Eco Wave Power Global AB has a twelve month low of $1.01 and a twelve month 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.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last announced its quarterly earnings data on Thursday, November 21st. The company reported ($0.10) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Eco Wave Power Global AB (publ)

A hedge fund recently bought a new stake in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC purchased a new stake in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned approximately 0.34% of Eco Wave Power Global AB (publ) at the end of the most recent quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

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.