Aqua Metals Inc (NASDAQ:AQMS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.65 and last traded at $1.65, with a volume of 118165 shares trading hands. The stock had previously closed at $1.69.

Several equities research analysts have recently issued reports on AQMS shares. Oppenheimer reaffirmed 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 lowered Aqua Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Aqua Metals in a research report on Friday, November 10th. Two 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 an average rating of “Buy” and a consensus price target of $28.60.

The firm has a market cap of $42.71 and a price-to-earnings ratio of -1.27. 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 (NASDAQ:AQMS) last announced its quarterly earnings data on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.65 million. equities analysts predict that Aqua Metals Inc will post -1.22 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in AQMS. Janus Henderson Group PLC purchased a new stake in Aqua Metals in the 2nd quarter worth about $149,000. Virtu KCG Holdings LLC purchased a new stake in Aqua Metals in the 2nd quarter worth about $160,000. The Manufacturers Life Insurance Company increased its holdings in Aqua Metals by 47.5% in 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 last quarter. JPMorgan Chase & Co. purchased a new stake in Aqua Metals in the 3rd quarter worth about $215,000. Finally, Rhumbline Advisers increased its holdings in Aqua Metals by 42.4% in 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 last quarter. 29.69% of the stock is owned by 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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