Applied Energetics (OTCMKTS:AERG) Shares Climb 3.7% – Time to Buy?

Applied Energetics Inc. (OTCMKTS:AERG) traded up 3.7% during mid-day trading on Thursday. The stock traded as high as $0.83 and last traded at $0.83. Approximately 25,342 shares traded hands during trading, a decline of 89% from the average daily volume of 226,993 shares. The stock had previously closed at $0.80.

Applied Energetics Stock Up 3.7%

The firm has a market capitalization of $186.07 million, a P/E ratio of -10.38 and a beta of 0.75. The business’s 50 day moving average is $1.06 and its 200-day moving average is $1.23.

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

Applied Energetics Company Profile

Applied Energetics, Inc develops advanced directed-energy and photonics technologies for defense and other specialized applications. The company’s work centers on ultrashort-pulse laser systems and related technologies designed to generate and control high-energy laser effects.

Its technology portfolio has included laser-induced plasma channel systems, which use pulsed lasers to create conductive pathways through the atmosphere. These systems are intended to support applications such as directed-energy effects, precision energy delivery, and countermeasure technologies.

Applied Energetics was previously known as Ionatron, Inc and adopted its current name as it expanded its focus on directed-energy research and development.