Zacks Investment Research upgraded shares of Aqua Metals, Inc. (NASDAQ:AQMS) from a sell rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “

A number of other equities analysts also recently commented on the stock. HC Wainwright started coverage on shares of Aqua Metals in a research note on Thursday, June 22nd. They issued a buy rating and a $25.00 target price on the stock. Rodman & Renshaw started coverage on shares of Aqua Metals in a research note on Thursday, June 22nd. They issued a buy rating and a $25.00 target price on the stock. Finally, ValuEngine raised shares of Aqua Metals from a sell rating to a hold rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $28.60.

Shares of Aqua Metals (NASDAQ:AQMS) traded down 9.83% during mid-day trading on Thursday, reaching $5.78. The company’s stock had a trading volume of 294,745 shares. The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.36. The company’s market capitalization is $116.55 million. Aqua Metals has a 1-year low of $5.45 and a 1-year high of $18.39.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.10). The firm had revenue of $0.60 million for the quarter, compared to analyst estimates of $1.23 million. On average, analysts predict that Aqua Metals will post ($1.17) EPS for the current year.

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Several hedge funds have recently modified their holdings of AQMS. First Mercantile Trust Co. purchased a new position in shares of Aqua Metals in the 2nd quarter valued at $126,000. American International Group Inc. raised its stake in shares of Aqua Metals by 8.1% in the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 499 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Aqua Metals in the 2nd quarter valued at $149,000. Sigma Planning Corp purchased a new position in shares of Aqua Metals in the 2nd quarter valued at $150,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of Aqua Metals in the 2nd quarter valued at $160,000. 42.63% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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