Energous (NASDAQ:WATT) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Energous Co. (NASDAQ:WATT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.56 and traded as low as $0.28. Energous shares last traded at $0.34, with a volume of 891,000 shares changing hands.

Energous Price Performance

The company has a market capitalization of $10.20 million, a PE ratio of -0.11 and a beta of 2.41. The company has a 50-day moving average of $0.47 and a two-hundred day moving average of $0.55.

Energous (NASDAQ:WATT) last released its earnings results on Thursday, February 27th. The industrial products company reported ($0.33) earnings per share for the quarter. The company had revenue of $0.43 million for the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. As a group, research analysts anticipate that Energous Co. will post -3.01 EPS for the current year.

Hedge Funds Weigh In On Energous

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC acquired a new stake in Energous Co. (NASDAQ:WATT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned approximately 0.33% of Energous as of its most recent SEC filing. Hedge funds and other institutional investors own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.