Arkadios Wealth Advisors Takes $102,000 Position in Ocean Power Technologies, Inc. (NASDAQ:OPTT)

Arkadios Wealth Advisors acquired a new stake in shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the energy company’s stock, valued at approximately $102,000. Arkadios Wealth Advisors owned approximately 0.07% of Ocean Power Technologies as of its most recent SEC filing.

Separately, Sargent Investment Group LLC bought a new stake in shares of Ocean Power Technologies during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 11.93% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Ocean Power Technologies in a report on Tuesday, December 31st. They set a “sell” rating for the company.

Ocean Power Technologies Stock Up 0.6 %

NASDAQ OPTT opened at $0.85 on Friday. The company has a market cap of $123.51 million, a price-to-earnings ratio of -2.64 and a beta of 2.63. Ocean Power Technologies, Inc. has a 52 week low of $0.12 and a 52 week high of $1.75. The business has a 50 day moving average price of $0.60 and a 200-day moving average price of $0.34.

Ocean Power Technologies Company Profile

Ocean Power Technologies, Inc develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.