AquaBounty Technologies (NASDAQ:AQB) Trading Down 2% – Here’s What Happened

AquaBounty Technologies, Inc. (NASDAQ:AQB)’s share price fell 2% on Tuesday . The stock traded as low as $0.9613 and last traded at $0.9613. 19,747 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 30,243 shares. The stock had previously closed at $0.9810.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AquaBounty Technologies in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

AquaBounty Technologies Trading Down 2.0%

The firm has a 50 day moving average of $0.93 and a two-hundred day moving average of $1.05. The company has a market cap of $4.95 million, a PE ratio of -1.16 and a beta of 1.29.

Institutional Trading of AquaBounty Technologies

A hedge fund recently bought a new stake in AquaBounty Technologies stock. Two Sigma Investments LP bought a new stake in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 37,565 shares of the company’s stock, valued at approximately $84,000. Two Sigma Investments LP owned about 0.97% of AquaBounty Technologies at the end of the most recent quarter. Institutional investors own 8.92% of the company’s stock.

About AquaBounty Technologies

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.