Aqua Metals, Inc. (AQMS) Sets New 1-Year Low at $6.81
Aqua Metals, Inc. (NASDAQ:AQMS) hit a new 52-week low during trading on Tuesday . The company traded as low as $6.81 and last traded at $6.77, with a volume of 123,740 shares traded. The stock had previously closed at $7.16.
A number of brokerages have commented on AQMS. Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Rodman & Renshaw began coverage on shares of Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Finally, HC Wainwright began coverage on shares of Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.33.
The company has a 50 day moving average price of $9.35 and a 200 day moving average price of $13.67. The company’s market cap is $128.25 million.
Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.10. The company had revenue of $0.60 million during the quarter, compared to the consensus estimate of $1.23 million. On average, equities research analysts forecast that Aqua Metals, Inc. will post ($0.83) earnings per share for the current year.
Large investors have recently made changes to their positions in the business. American International Group Inc. raised its stake in Aqua Metals by 8.1% during the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after buying an additional 499 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Aqua Metals during the second quarter valued at $126,000. Janus Henderson Group PLC purchased a new position in Aqua Metals during the second quarter valued at $149,000. Sigma Planning Corp purchased a new position in Aqua Metals during the second quarter valued at $150,000. Finally, Virtu KCG Holdings LLC purchased a new position in Aqua Metals during the second quarter valued at $160,000. Institutional investors and hedge funds own 42.63% of the company’s stock.
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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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