Aqua Metals (NASDAQ:AQMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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 research analysts also recently issued reports on AQMS. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Oppenheimer restated a “buy” rating and issued a $34.00 price objective on shares of Aqua Metals in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Aqua Metals currently has an average rating of “Buy” and a consensus price target of $28.60.

Shares of Aqua Metals (AQMS) traded down $0.03 during trading hours on Monday, reaching $1.78. The company’s stock had a trading volume of 386,317 shares, compared to its average volume of 399,097. The company has a market cap of $50.15 and a P/E ratio of -1.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.01 and a quick ratio of 3.77. Aqua Metals has a 52-week low of $1.70 and a 52-week high of $22.75.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Thursday, November 9th. The business services provider reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). The business had revenue of $0.59 million during the quarter, compared to analysts’ expectations of $0.65 million. sell-side analysts forecast that Aqua Metals will post -1.22 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new position in shares of Aqua Metals during the 2nd quarter worth $149,000. Virtu KCG Holdings LLC bought a new position in shares of Aqua Metals during the 2nd quarter worth $160,000. The Manufacturers Life Insurance Company grew its stake in shares of Aqua Metals by 47.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after acquiring an additional 4,499 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Aqua Metals during the 3rd quarter worth $215,000. Finally, Rhumbline Advisers grew its stake in shares of Aqua Metals by 42.4% during the 2nd quarter. Rhumbline Advisers now owns 17,447 shares of the business services provider’s stock worth $219,000 after acquiring an additional 5,195 shares during the period. Hedge funds and other institutional investors own 29.69% 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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