Aqua Metals (AQMS) Stock Price Down 6.8%
Shares of Aqua Metals, Inc. (NASDAQ:AQMS) dropped 6.8% during trading on Wednesday . The company traded as low as $3.46 and last traded at $3.54. Approximately 137,355 shares changed hands during trading, a decline of 58% from the average daily volume of 330,676 shares. The stock had previously closed at $3.80.
AQMS has been the topic of a number of research analyst reports. Oppenheimer reiterated a “buy” rating and set a $34.00 target price on shares of Aqua Metals in a research report on Friday, November 10th. Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Aqua Metals in a research report on Monday, August 14th. Finally, ValuEngine cut Aqua Metals from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Aqua Metals presently has a consensus rating of “Buy” and an average target price of $28.60.
The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19.
Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.04). The firm had revenue of $0.59 million during the quarter, compared to analyst estimates of $0.65 million. research analysts predict that Aqua Metals, Inc. will post -1.22 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. First Mercantile Trust Co. purchased a new position in shares of Aqua Metals during the second quarter worth about $126,000. American International Group Inc. grew its holdings in shares of 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 worth $130,000 after buying an additional 499 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Aqua Metals during the second quarter worth about $149,000. Sigma Planning Corp purchased a new position in shares of Aqua Metals during the second quarter worth about $150,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of Aqua Metals during the second quarter worth about $160,000. 39.05% of the stock is currently owned by hedge funds and other institutional investors.
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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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