Ocean Power Technologies Inc (NASDAQ:OPTT) stock is moving up a bit after gapping lower on Wednesday. OPTT continues to trend lower in a channel and it looks like it may want to roll over after a few up days here.
As of 11:46, OPTT stock has moved down 1% to $2.19. Total traded volume was 611K shares, compared to its average volume of 3.04 million shares. The stock has moved in range of $2.0900 – 2.2300 after opening at $2.11.
OPTT Released News Last Week
Ocean Power Technologies Receives $1 Million of Non-Dilutive Funding Through NJEDA Technology Business Tax Certificate Transfer Program
- OPTT announced that it has received $1 million of non-dilutive funding through the New Jersey Economic Development Authority’s (NJEDA) Technology Business Tax Certificate Transfer Program.
- Administered by the NJEDA and the New Jersey Department of the Treasury’s Division of Taxation, the Technology Business Tax Certificate Transfer Program enables companies to raise funding to finance their growth and operations.
- Under the program, New Jersey-based technology or biotechnology companies with fewer than 225 US employees may be eligible to sell net operating losses (NOLs) and research and development tax credits to unaffiliated corporations, up to a maximum lifetime benefit of $20 million per business.
|SHARES OUTSTANDING||50.99 M|
|SHARE FLOAT (%)||50.97 M (99.97%)|
|% HELD BY INSTITUTIONS||9.69|
Recent Stock Performance
|+/- EMA(20)||2.32 (-5.60%)|
|+/- SMA(50)||2.78 (-21.22%)|
|+/- SMA(200)||2.54 (-13.78%)|
|CCI20||-55.2009||Sell||Chaikin Money Flow||-0.0169||Neutral|
|MACD||-0.2675||Sell||Money Flow Index||43.2748||Sell|
|STOCH (14,3)||44.3182||Buy||STOCH RSI||1.0000||OverBought|