StockNews.com started coverage on shares of Energous (NASDAQ:WATT – Free Report) in a research report released on Monday. The brokerage issued a sell rating on the industrial products company’s stock.
Energous Price Performance
WATT stock opened at $1.89 on Monday. Energous has a twelve month low of $1.51 and a twelve month high of $16.60. The company’s 50 day moving average is $1.83 and its two-hundred day moving average is $2.13.
Institutional Trading of Energous
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in Energous by 145.6% during the fourth quarter. Jane Street Group LLC now owns 33,183 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 19,671 shares in the last quarter. Millennium Management LLC purchased a new stake in Energous in the 2nd quarter valued at $53,000. Advisor Group Holdings Inc. raised its position in Energous by 90.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 68,261 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 32,456 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Energous in the 1st quarter valued at $96,000. Finally, State Street Corp raised its position in Energous by 13.2% in the 2nd quarter. State Street Corp now owns 191,725 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 22,300 shares during the last quarter.
Energous Company Profile
Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.
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