AquaBounty Technologies (AQB) Set to Release Earnings on Tuesday

AquaBounty Technologies (NASDAQ:AQB) is projected to issue its results before the market opens on Tuesday, November 10th. Analysts expect the company to post earnings of ($1.30) per share and revenue of $0.27 million for the quarter.

AquaBounty Technologies (NASDAQ:AQB) last announced its earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter.

AquaBounty Technologies Stock Up 2.5%

Shares of AquaBounty Technologies stock traded up $0.03 on Tuesday, hitting $1.23. 23,633 shares of the company’s stock traded hands, compared to its average volume of 181,711. The stock has a market cap of $6.41 million, a P/E ratio of -1.50 and a beta of 1.48. The firm’s 50-day moving average is $1.10 and its 200 day moving average is $1.01. AquaBounty Technologies has a 52-week low of $0.77 and a 52-week high of $1.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, AquaBounty Technologies presently has an average rating of “Sell”.

About AquaBounty Technologies

AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing and producing land-raised Atlantic salmon. Its principal product is AquAdvantage salmon, a genetically engineered salmon designed to reach market size more quickly than conventional Atlantic salmon. The company has pursued land-based, contained aquaculture systems intended to reduce reliance on ocean-based farming and improve production efficiency.

AquAdvantage salmon incorporates a growth-hormone gene from Chinook salmon and a regulatory sequence from ocean pout.