Applied Energetics (OTCMKTS:AERG) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Applied Energetics (OTCMKTS:AERGFree Report) from a hold rating to a sell rating in a research note released on Saturday morning.

Applied Energetics Trading Down 7.1%

Shares of OTCMKTS AERG opened at $1.70 on Friday. Applied Energetics has a 12-month low of $0.43 and a 12-month high of $2.99. The firm has a market capitalization of $372.39 million, a price-to-earnings ratio of -42.50 and a beta of 0.85. The firm has a 50 day moving average of $2.11 and a 200 day moving average of $1.39.

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

Applied Energetics Company Profile

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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.

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