Applied Energetics (OTCMKTS:AERG) Trading Down 6% – What’s Next?

Applied Energetics Inc. (OTCMKTS:AERG)’s share price dropped 6% during mid-day trading on Wednesday . The company traded as low as $1.23 and last traded at $1.25. Approximately 35,574 shares were traded during trading, a decline of 63% from the average session volume of 96,321 shares. The stock had previously closed at $1.33.

Applied Energetics Trading Down 6.0%

The firm’s 50-day moving average price is $1.37 and its 200 day moving average price is $1.44. The company has a market cap of $280 million, a price-to-earnings ratio of -15.62 and a beta of 0.95.

Applied Energetics (OTCMKTS:AERG) last released its earnings results on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.07 million for the quarter. Applied Energetics had a negative net margin of 3,221.00% and a negative return on equity of 456.54%.

Applied Energetics Company Profile

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter‐personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea‐based systems.