Energous (NASDAQ:WATT) Stock Crosses Below 200 Day Moving Average of $1.01

Energous Co. (NASDAQ:WATT – Get Rating)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.01 and traded as low as $0.56. Energous shares last traded at $0.56, with a volume of 455,077 shares trading hands.

Energous Price Performance

The stock has a market capitalization of $43.33 million, a P/E ratio of -1.42 and a beta of 2.52. The company has a fifty day moving average of $0.80 and a two-hundred day moving average of $1.01.

Institutional Trading of Energous

Several hedge funds and other institutional investors have recently bought and sold shares of WATT. Wealthsource Partners LLC acquired a new position in Energous in the second quarter valued at approximately $25,000. Coombe Bender & Co LLC acquired a new position in Energous in the second quarter valued at approximately $27,000. Jane Street Group LLC boosted its stake in Energous by 145.6% in the fourth quarter. Jane Street Group LLC now owns 33,183 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 19,671 shares during the period. Millennium Management LLC acquired a new position in Energous in the second quarter valued at approximately $53,000. Finally, Advisor Group Holdings Inc. boosted its position in shares of Energous by 90.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 68,261 shares of the industrial products company’s stock worth $57,000 after buying an additional 32,456 shares during the period. 9.26% of the stock is owned by institutional investors.

Energous Company Profile

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Energous Corp. engages in the development of wireless charging technology. It focuses on the product, WattUp, a wireless power technology consisting of proprietary semiconductor chipsets, software controls, hardware designs, and antennas, that enables radio frequency based charging for electronic devices.