Aqua Metals Inc. (AQMS) Trading Down 6%
Aqua Metals Inc. (NASDAQ:AQMS) traded down 6% during mid-day trading on Tuesday . The company traded as low as $9.08 and last traded at $9.08, with a volume of 76,365 shares trading hands. The stock had previously closed at $9.66.
Separately, Zacks Investment Research downgraded Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday.
The company’s market capitalization is $143.59 million. The stock’s 50-day moving average price is $10.10 and its 200 day moving average price is $8.42.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.05. Analysts predict that Aqua Metals Inc. will post ($0.74) earnings per share for the current year.
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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