Finance

Diversified Machinery Volatile Stocks: Ocean Power Technologies (NASDAQ:OPTT), China Ming Yang (NYSE:MY), Ideal Power (NASDAQ:IPWR), Twin Disc (NASDAQ:TWIN)

Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced that Victorian Wave Partners Pty. Ltd. (“VWP”), has received approximately A$5.0 million in initial grant funding from the Australian Renewable Energy Agency (“ARENA”). VWP is a project-specific entity wholly-owned by Ocean Power Technologies (Australasia) Pty. Ltd. (OPTA), which is 88% owned by OPT. Ocean Power Technologies Inc (NASDAQ:OPTT) stock performance was 8.85% in last session and finished the day at $4.06. Traded volume was 1,563,500 million shares in the last session and the average volume of the stock remained 2.46 million shares. The beta of the stock remained 1.82. Ocean Power Technologies Inc (NASDAQ:OPTT) insider ownership is 0.60%.

Shares in China Ming Yang Wind Power Group Ltd (NYSE:MY) have gone up 71.02% on YTD basis. The S&P 500 Industrials Sector Index mapped a gain of 0.56% during the trading session and charted up 6.01% in the last one month. China Ming Yang Wind Power Group Ltd (NYSE:MY) rose 10.18 percent to $3.14 yesterday on volume of 1.90 million shares. The intra-day range of the stock was $2.88 to $3.14. China Ming Yang Wind Power Group Ltd (NYSE:MY) has a market capitalization of $392.50 million.

Ideal Power Inc. (NASDAQ:IPWR) a developer of a disruptive technology in the power conversion market, today announced results for the year ended December 31, 2013. Ideal Power Inc (NASDAQ:IPWR)’s stock on April 1, 2014 reported an increase of 0.25% to the closing price of $8.07. Its fifty two weeks range is $5.15 -$12.59. The total market capitalization recorded $50.04 million. The overall volume in the last trading session was 57,900 million shares. In its share capital, Ideal Power Inc (NASDAQ:IPWR) has 6.93 million outstanding shares.

Twin Disc, Incorporated (NASDAQ:TWIN) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for TWIN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. On Tuesday, shares of Twin Disc, Incorporated (NASDAQ:TWIN) advanced 1.06% to close the day at $26.62. Company return on investment (ROI) is 2.90% and its monthly performance is recorded as 9.23%. Twin Disc, Incorporated (NASDAQ:TWIN) quarterly revenue growth is 3.46%.