Aquabounty Technologies (AQB) Rating Increased to Buy at ValuEngine

Aquabounty Technologies (NASDAQ:AQB) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

AQB has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Aquabounty Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. HC Wainwright set a $4.00 price target on shares of Aquabounty Technologies and gave the stock a “buy” rating in a report on Monday, September 17th.

Shares of NASDAQ AQB traded down $0.03 during midday trading on Wednesday, reaching $2.75. 5 shares of the stock were exchanged, compared to its average volume of 68,225. The company has a market cap of $41.52 million, a PE ratio of -2.59 and a beta of -0.68. Aquabounty Technologies has a 52-week low of $2.25 and a 52-week high of $9.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 3.30.

Aquabounty Technologies (NASDAQ:AQB) last issued its quarterly earnings results on Friday, November 2nd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.14 million. On average, analysts anticipate that Aquabounty Technologies will post -0.78 EPS for the current year.

A hedge fund recently raised its stake in Aquabounty Technologies stock. ARK Investment Management LLC boosted its stake in Aquabounty Technologies Inc (NASDAQ:AQB) by 81.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,697 shares of the company’s stock after purchasing an additional 76,458 shares during the quarter. ARK Investment Management LLC owned about 1.33% of Aquabounty Technologies worth $568,000 as of its most recent filing with the SEC. 62.48% of the stock is owned by institutional investors.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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