Aqua Metals Inc (NASDAQ:AQMS) has been assigned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.75.

A number of research firms have recently issued reports on AQMS. HC Wainwright set a $9.00 price objective on shares of Aqua Metals and gave the company a “buy” rating in a report on Monday, June 11th. Zacks Investment Research downgraded shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Finally, ValuEngine upgraded shares of Aqua Metals from a “hold” rating to a “buy” rating in a report on Friday, September 7th.

In other news, President Stephen Cotton bought 30,000 shares of the stock in a transaction that occurred on Monday, June 18th. The shares were acquired at an average cost of $2.85 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the president now owns 74,500 shares in the company, valued at $212,325. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have purchased 48,900 shares of company stock worth $138,261. 18.10% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Aqua Metals by 1.8% in the first quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock valued at $2,352,000 after purchasing an additional 16,396 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Aqua Metals in the second quarter valued at $1,800,000. Millennium Management LLC increased its holdings in shares of Aqua Metals by 605.5% in the first quarter. Millennium Management LLC now owns 511,847 shares of the business services provider’s stock valued at $1,326,000 after purchasing an additional 439,299 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Aqua Metals by 1,008.9% in the second quarter. Wolverine Asset Management LLC now owns 470,376 shares of the business services provider’s stock valued at $1,354,000 after purchasing an additional 427,958 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Aqua Metals by 656.9% in the second quarter. BNP Paribas Arbitrage SA now owns 312,009 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 270,788 shares during the last quarter. Hedge funds and other institutional investors own 27.85% of the company’s stock.

Shares of NASDAQ AQMS traded down $0.02 during midday trading on Friday, reaching $2.68. The company’s stock had a trading volume of 165,435 shares, compared to its average volume of 220,242. The company has a quick ratio of 6.07, a current ratio of 6.27 and a debt-to-equity ratio of 0.12. Aqua Metals has a fifty-two week low of $1.42 and a fifty-two week high of $8.17. The company has a market capitalization of $103.40 million, a PE ratio of -2.25 and a beta of -0.05.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Wednesday, August 8th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.15). Aqua Metals had a negative net margin of 833.24% and a negative return on equity of 52.14%. The business had revenue of $0.48 million during the quarter, compared to analyst estimates of $1.02 million. sell-side analysts expect that Aqua Metals will post -0.98 EPS for the current year.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.

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Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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