Aqua Metals (AQMS) Trading Up 5.2%

Aqua Metals Inc (NASDAQ:AQMS) shares were up 5.2% on Wednesday . The stock traded as high as $2.48 and last traded at $2.41. Approximately 551,030 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 681,109 shares. The stock had previously closed at $2.29.

Several research analysts have weighed in on AQMS shares. ValuEngine raised Aqua Metals from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Aqua Metals in a research report on Thursday, August 9th. Finally, Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.

The company has a quick ratio of 6.07, a current ratio of 6.27 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $85.79 million, a price-to-earnings ratio of -2.03 and a beta of 0.18.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Aqua Metals had a negative return on equity of 52.14% and a negative net margin of 833.24%. On average, equities research analysts predict that Aqua Metals Inc will post -0.88 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Leisure Capital Management increased its holdings in shares of Aqua Metals by 9.3% during the 2nd quarter. Leisure Capital Management now owns 191,462 shares of the business services provider’s stock valued at $551,000 after acquiring an additional 16,280 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Aqua Metals by 1.8% during the 1st quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock valued at $2,352,000 after acquiring an additional 16,396 shares during the last quarter. UBS Group AG increased its holdings in shares of Aqua Metals by 105.8% during the 1st quarter. UBS Group AG now owns 53,090 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 27,290 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Aqua Metals during the 2nd quarter valued at about $120,000. Finally, Northern Trust Corp increased its holdings in shares of Aqua Metals by 28.3% during the 1st quarter. Northern Trust Corp now owns 236,980 shares of the business services provider’s stock valued at $614,000 after acquiring an additional 52,260 shares during the last quarter. 27.65% of the stock is currently owned by institutional investors and hedge funds.

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Aqua Metals Company Profile (NASDAQ:AQMS)

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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