Aqua Metals Inc. (AQMS) Shares Down 6%
Shares of Aqua Metals Inc. (NASDAQ:AQMS) fell 6% during trading on Tuesday . The stock traded as low as $9.08 and last traded at $9.08, with a volume of 76,365 shares. The stock had previously closed at $9.66.
Separately, Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
The stock’s market capitalization is $135.49 million. The company has a 50 day moving average of $10.02 and a 200 day moving average of $8.45.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. On average, equities research 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.
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