Aqua Metals, Inc. (NASDAQ:AQMS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.62 and last traded at $3.62, with a volume of 169,382 shares trading hands. The stock had previously closed at $3.77.
Several research analysts have recently issued reports on AQMS shares. Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Rodman & Renshaw started coverage on shares of Aqua Metals in a report on Sunday, July 2nd. They issued a “buy” rating and a $25.00 price objective for the company. ValuEngine upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, HC Wainwright reiterated a “buy” rating and issued a $25.00 price objective on shares of Aqua Metals in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.60.
The stock’s 50-day moving average is $5.88 and its 200-day moving average is $5.88. The company’s market capitalization is $73.60 million.
Aqua Metals (NASDAQ:AQMS) last announced its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.10). The business had revenue of $0.60 million for the quarter, compared to the consensus estimate of $1.23 million. On average, equities analysts anticipate that Aqua Metals, Inc. will post ($1.10) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in AQMS. First Mercantile Trust Co. acquired a new stake in shares of Aqua Metals during the 2nd quarter worth approximately $126,000. American International Group Inc. grew its position in shares of Aqua Metals by 8.1% during the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after buying an additional 499 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth approximately $149,000. Sigma Planning Corp acquired a new stake in shares of Aqua Metals during the 2nd quarter worth approximately $150,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth approximately $160,000. 43.28% of the stock is owned by institutional investors.
About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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