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

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) announced its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, Zacks reports.

Eco Wave Power Global AB (publ) Price Performance

Shares of NASDAQ WAVE opened at $8.01 on Thursday. The company has a fifty day moving average price of $8.22 and a 200 day moving average price of $7.34. Eco Wave Power Global AB has a 1-year low of $4.41 and a 1-year high of $17.63. The firm has a market cap of $44.46 million, a PE ratio of -14.83 and a beta of -0.49. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen downgraded Eco Wave Power Global AB (publ) from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.50.

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.