Energous (NASDAQ:WATT) Shares Pass Below 200-Day Moving Average – Should You Sell?

Energous Co. (NASDAQ:WATT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.63 and traded as low as $0.42. Energous shares last traded at $0.44, with a volume of 709,715 shares traded.

Energous Price Performance

The company’s fifty day simple moving average is $0.56 and its 200 day simple moving average is $0.62.

Hedge Funds Weigh In On Energous

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC bought a new position in Energous Co. (NASDAQ:WATT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.33% of Energous at the end of the most recent quarter. Institutional investors and hedge funds own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.