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

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

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

WAVE stock traded down $0.18 during trading on Wednesday, hitting $7.23. 1,039 shares of the company traded hands, compared to its average volume of 310,940. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year 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 company has a 50-day moving average of $9.44 and a 200-day moving average of $8.23. The firm has a market capitalization of $40.09 million, a PE ratio of -16.80 and a beta of -0.73.

Analyst Upgrades and Downgrades

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