Schwab Charles Investment Management Inc. continued to hold its stake in shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,730 shares of the energy company’s stock at the end of the second quarter. Schwab Charles Investment Management Inc. owned approximately 1.98% of Ocean Power Technologies worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

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Ocean Power Technologies, Inc. (NASDAQ OPTT) opened at $1.27 on Tuesday. Ocean Power Technologies, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $5.89.

Ocean Power Technologies (NASDAQ:OPTT) last announced its earnings results on Thursday, September 7th. The energy company reported ($0.22) EPS for the quarter. The firm had revenue of $0.20 million during the quarter. Ocean Power Technologies had a negative return on equity of 125.57% and a negative net margin of 995.22%.

Ocean Power Technologies Profile

Ocean Power Technologies, Inc is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company’s PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity.

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