Home / Street Sector / Stocks Flirting with Minor Gains and Losses: Ocean Power Technologies (NASDAQ:OPTT), Parker-Hannifin (NYSE:PH)

Stocks Flirting with Minor Gains and Losses: Ocean Power Technologies (NASDAQ:OPTT), Parker-Hannifin (NYSE:PH)

Ocean Power Technologies, Inc. (NASDAQ:OPTT) persists its position slightly strong in context of buying side, while shares price fell down to knees -1.75% during latest trading session. Ocean Power Technologies, Inc. (OPTT) reported pricing of an underwritten public offering of 2,400,000 shares of its ordinary stock at a price to the public of $2.75 per share.  The underwriters will have an option to purchase up to an additional 360,000 shares of ordinary stock from the Firm. The offering is predictable close on or about October 19, 2016, subject to satisfaction of customary closing conditions.

OPT intends to use the net proceeds from this offering for general corporate purposes, which may include additional development, testing and demonstrations of its PowerBuoy system with the goal of additionaling and accelerating its commercialization efforts and expanding its sales and marketing functions.

Narrow down focus to other ratios, the co has current ratio of 1.40 that indicates if OPTT lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 1.40, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.03, sometimes its remain same with long term debt to equity ratio.

Following previous ticker characteristics, Parker-Hannifin Corporation (NYSE:PH) also run on active notice, stock price reduced -1.26% after traded at $122.82 in most recent trading session.

PH has price to earnings ratio of 20.84 and the price to current year EPS stands at -15.50%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 9.44%. The earning yield also gives right direction to lure investment, as the co has 2.05% dividend yield. Moving toward ratio analysis, it has current ratio of 2.20 and quick ratio was calculated as 1.70. The debt to equity ratio appeared as 0.66 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 1.36% for a week and 1.59% for a month. The price volatility’s Average True Range for 14 days was 2.18. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.80 out of 1-5 scale with week’s performance of -0.20%. PH’s institutional ownership was registered as 84.30%, while insider ownership was 0.40%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

Check Also

Most Bizarre Stocks for the Day: U.S. Bancorp (NYSE:USB), Medical Properties Trust Inc. (NYSE:MPW)

U.S. Bancorp (NYSE:USB) runs in leading trade, it are moving up 0.39% to traded at …

Leave a Reply

Your email address will not be published. Required fields are marked *