Applied Energetics (OTCMKTS:AERG) Stock Price Down 10% – Time to Sell?

Applied Energetics Inc. (OTCMKTS:AERG)’s stock price traded down 10% on Monday . The company traded as low as $1.34 and last traded at $1.35. 138,290 shares changed hands during trading, an increase of 15% from the average session volume of 119,982 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

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

Applied Energetics Stock Performance

The company has a market cap of $295.85 million, a PE ratio of -33.75 and a beta of 0.86. The company’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $1.47.

Applied Energetics (OTCMKTS:AERG) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.02) EPS for the quarter. Applied Energetics had a negative net margin of 636.33% and a negative return on equity of 571.08%.

Applied Energetics Company Profile

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.