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

Alliance Global Partners began coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a report released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

Eco Wave Power Global AB (publ) Stock Down 11.8 %

Shares of WAVE stock opened at $7.51 on Monday. The stock has a market cap of $41.68 million, a P/E ratio of -17.47 and a beta of -0.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 3.26. The stock has a fifty day moving average price of $11.17 and a 200 day moving average price of $7.42. Eco Wave Power Global AB has a one year low of $1.01 and a one year high of $17.63.

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

Institutional Investors 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 acquired a new position in shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

Eco Wave Power Global AB (publ) Company Profile

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.