Industrial Goods Losers: Ocean Power Technologies (NASDAQ:OPTT), Arotech Corporation (NASDAQ:ARTX), High power International (NASDAQ:HPJ), Clean Diesel Technologies (NASDAQ:CDTI)

Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced the pricing of an underwritten public offering of 3,800,000 shares of its common stock at a price of $3.10 per share.Ocean Power Technologies Inc (NASDAQ:OPTT) shares after opening at $3.23 moved to $3.24 on last trade day and at the end of the day closed at $3.05. Company price to sales ratio in past twelve months was calculated as 19.08 and price to cash ratio as 2.54. Ocean Power Technologies Inc (NASDAQ:OPTT) showed a negative weekly performance of -14.33%.

Arotech Corporation (NASDAQ:ARTX) missed both in terms of revenues and earnings in its fourth quarter, ended in December, 2013. For the reported quarter, the company posted net loss of $0.03 per share, while the analysts has estimated for break even earnings. At the same time, its revenue also stood 5.6% lower than its previous year’s figure, at $20.9 million and missed the market consensus of $21.7 million. Arotech Corporation (NASDAQ:ARTX) shares fell -8.88 % in last trading session and ended the day on $4.72. ARTX return on equity ratio is recorded as 7.70% and its return on assets is 4.00%.Arotech Corporation (NASDAQ:ARTX) yearly performance is 303.42%.

High power International Inc (NASDAQ:HPJ) shares exploded during trading Tuesday, touching a new 52-week high and shifting above average volume. The company reveals strength in its revenue generation which has outpaced the growth of the industry average having gone up 24.7 percent year-over-year as noted in the most recent quarter, against 5.7 percent industry average over the same duration. Interestingly, the revenue growth has found its way into the bottom line, thus improving earnings per share. Earnings per share have gone up 125 percent in the past year, a period during which the stock price also moved up 319.45 percent. High power International Inc (NASDAQ:HPJ) shares moved down -7.74% last trading session and was closed at $5.96, while trading in range of $5.92 – 6.80. High power International Inc (NASDAQ:HPJ) year to date (YTD) performance is 132.81%.

On April 4, 2014, Clean Diesel Technologies, Inc. (NASDAQ:CDTI) closed a registered direct offering of 2,030,000 shares of common stock and warrants to purchase 812,000 shares of common stock for gross proceeds of $6,902,000. The shares of common stock and warrants were sold in units, with each unit consisting of one share of common stock and 0.4 of one five and a half-year warrant to purchase one share of common stock at an exercise price of $4.20 per share. The offering was previously announced in a Current Report on Form 8-K filed on April 1, 2014 and a press release furnished therewith. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) weekly performance is -30.09%. On last trading day company shares ended up $2.95. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) distance from 50-day simple moving average (SMA50) is -11.24%. Analysts mean target price for the company is $2.00.