Active Power Shares Down 3.5% on Disappointing Earnings (ACPW)
Shares of Active Power (NASDAQ:ACPW) were down 3.5% on Wednesday after the company announced weaker than expected quarterly earnings, Stock Ratings Network reports. The stock traded as low as $2.48 and last traded at $2.51, with a volume of 95,111 shares. The stock had previously closed at $2.60.
The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.05. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $13.40 million.
The stock’s 50-day moving average is $2.72 and its 200-day moving average is $3.04. The company’s market cap is $54.5 million.
Active Power, Inc (NASDAQ:ACPW) is a manufacturer and provider of continuous power solutions incorporating uninterruptible power supply (UPS) systems that ensure business continuity for enterprises in the event of power disturbances.
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