Momentum Stocks: Ocean Power Technologies, Inc. (NASDAQ:OPTT) , MDU Resources Group, Inc. (NYSE:MDU)

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Ocean Power Technologies, Inc. (NASDAQ:OPTT) went higher by +20.85% to close at $ 3.42. The company exchanged total volume of 5.59 million shares throughout course of last trade however it holds an average trading capacity of 1.95 million shares. Shares of company began trading at $2.85 climbed to high of $3.47 touched the low of $2.70.

The company is trading below its 50-day moving averages of 6.83 and down from 200-day moving averages of 5.01. The firm has price to book ratio of 2.82 and its price to sale ratio was 11.71.

The average true range of Ocean Power Technologies, Inc.’s (OPTT) is recorded at 0.64 and the relative strength index of the stock stands 22.39. The stock price is going above to its 52 week low with 260.00% and lagging behind from its 52 week high with -78.15%. Analyst recommendation for this stock stands at 3.00. A look on the firm performance, its monthly performance is -54.16% and a quarterly performance of -56.76%. The stock price is trading downbeat from its 200 days moving average with -15.07% and down from 50 days moving average with -54.87%.

MDU Resources Group, Inc. (NYSE:MDU) dropped -0.04% and closed the trade at $ 24.86. The company recorded a trading capacity of 734.92 thousand shares below its three months average daily volume of 964.15 thousand shares. During the last trade, shares reached to high price of $24.98 and touched the low price of $24.71. The stock’s 50-day moving average is noted at $24.51 and its 200-day moving average is stands at $22.89.

Additionally, the company has EPS of -0.88. The company has market capitalization of $4.86B.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “2” brokerage firms and “0” brokerage firms say as “Strong Buy”. “0” brokerage firms have suggested “Sell” for the company. “0” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “1.8” brokerage firms.  The Company has average brokerage recommendation (ABR) of “2.13” based on consensus of the ZACKS brokerage firms.

MDU Resources Group Inc.’s (MDU) has price to sale ratio of 1.14. The company net profit margin is -4.00% and gross profit margin is 89.00%. A look on the firm performance, its monthly performance is 4.63% and a quarterly performance of 3.50%. The stock price is moving down from its 20 days moving average with -0.89% and isolated positively from 50 days moving average with 3.18%.

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