Applied Energetics (OTCMKTS:AERG) Stock Price Up 3.9% – Here’s Why

Applied Energetics Inc. (OTCMKTS:AERG)’s stock price shot up 3.9% on Thursday. The company traded as high as $0.87 and last traded at $0.80. 68,940 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 157,760 shares. The stock had previously closed at $0.7701.

Applied Energetics Trading Up 3.9%

The company has a market capitalization of $179.48 million, a price-to-earnings ratio of -10.00 and a beta of 0.82. The firm’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $1.17.

Applied Energetics (OTCMKTS:AERG) last issued its earnings results on Thursday, August 13th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.06 million for the quarter.

About Applied Energetics

Applied Energetics, Inc develops advanced directed-energy and photonics technologies for defense, homeland security, and related commercial applications. The company focuses on systems that use ultrashort-pulse lasers, high-voltage electronics, and optical technologies to generate and control energy in the atmosphere and other environments.

Its technology portfolio includes laser-induced plasma channel systems, ultrashort-pulse laser sources, and integrated photonics platforms. These technologies are intended for applications such as directed-energy effects, remote sensing, communications, and other missions requiring precise delivery or manipulation of energy.

Applied Energetics is based in the United States and has historically worked with government and defense-related customers, although publicly available information provides limited detail about its current commercial footprint, customer base, and leadership structure.