Aqua Metals Inc. (AQMS) Trading 5.8% Higher
Aqua Metals Inc. (NASDAQ:AQMS)’s share price traded up 5.8% during mid-day trading on Monday . The stock traded as high as $9.52 and last traded at $9.48, with a volume of 121,609 shares trading hands. The stock had previously closed at $8.96.
Separately, Zacks Investment Research downgraded shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
The firm has a 50 day moving average of $10.07 and a 200-day moving average of $8.45. The company’s market capitalization is $143.59 million.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.05. On average, analysts forecast that Aqua Metals Inc. will post ($0.74) EPS for the current fiscal 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.