Applied Energetics (OTCMKTS:AERG) Posts Earnings Results

Applied Energetics (OTCMKTS:AERG) posted its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Applied Energetics had a negative return on equity of 571.08% and a negative net margin of 636.33%.

Applied Energetics Trading Down 1.7%

AERG traded down $0.03 during trading on Wednesday, hitting $1.62. The company’s stock had a trading volume of 9,079 shares, compared to its average volume of 129,216. The firm has a market capitalization of $362.43 million, a price-to-earnings ratio of -40.55 and a beta of 0.82. Applied Energetics has a twelve month low of $0.58 and a twelve month high of $2.99. The business’s fifty day simple moving average is $1.71 and its 200 day simple moving average is $1.77.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Applied Energetics from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th.

About Applied Energetics

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.