Applied Energetics (OTCMKTS:AERG) Shares Up 9.1% – Still a Buy?

Applied Energetics Inc. (OTCMKTS:AERG) shares shot up 9.1% on Thursday . The company traded as high as $0.92 and last traded at $0.84. Approximately 555,366 shares were traded during mid-day trading, an increase of 215% from the average daily volume of 176,560 shares. The stock had previously closed at $0.77.

Applied Energetics Stock Up 9.1%

The business’s 50-day simple moving average is $1.21 and its two-hundred day simple moving average is $1.27. The firm has a market cap of $188.27 million, a price-to-earnings ratio of -10.50 and a beta of 0.75.

Applied Energetics (OTCMKTS:AERG) last posted its earnings results on Thursday, August 13th. The company reported ($0.02) EPS for the quarter. The business had revenue of $0.06 million for the quarter. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 454.83%.

Applied Energetics Company Profile

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter‐personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea‐based systems.