Aquantia (AQ) Hits New 12-Month High at $16.17

Shares of Aquantia Corp (NYSE:AQ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.17 and last traded at $16.22, with a volume of 1228026 shares traded. The stock had previously closed at $15.11.

A number of analysts recently issued reports on AQ shares. Barclays started coverage on shares of Aquantia in a research report on Tuesday, November 28th. They set an “overweight” rating and a $14.00 target price on the stock. Deutsche Bank started coverage on shares of Aquantia in a research report on Tuesday, November 28th. They set a “buy” rating and a $15.00 target price on the stock. Morgan Stanley started coverage on shares of Aquantia in a research report on Tuesday, November 28th. They set an “overweight” rating and a $15.00 target price on the stock. Needham & Company LLC started coverage on shares of Aquantia in a research note on Tuesday, November 28th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Raymond James Financial started coverage on shares of Aquantia in a research note on Tuesday, November 28th. They set an “outperform” rating and a $15.00 price target on the stock. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $14.80.

The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of -0.02.

Aquantia (NYSE:AQ) last posted its quarterly earnings results on Monday, November 27th. The company reported ($0.28) earnings per share for the quarter. analysts predict that Aquantia Corp will post -0.32 EPS for the current year.

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About Aquantia

Aquantia Corp is engaged in developing and supplying connectivity solutions for data centers, enterprise and wireless local area network (WLAN) applications. The Company offers 10 gigabyte Ethernet and Multi-Gig Ethernet Silicon product for data center and cloud, and the enterprise and WLAN markets. For data center and cloud market, it offers 10GBASE-T PHYs product line, which includes 28 nanometer technology products, such as AQ2402, AQ2403, AQ2203 and AQ2104; 40 nanometer technology products, such as AQ1402, AQ1202 and AQ1103, and 90 nanometer technology product, AQ1002.

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