Aqua Metals (NASDAQ:AQMS) Trading 6.8% Higher

Aqua Metals Inc (NASDAQ:AQMS)’s share price traded up 6.8% on Friday . The company traded as high as $1.76 and last traded at $1.72, 424,070 shares traded hands during trading. A decline of 32% from the average session volume of 624,403 shares. The stock had previously closed at $1.61.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. National Securities reissued a “buy” rating and issued a $10.00 price target on shares of Aqua Metals in a research note on Friday, May 10th. Oppenheimer decreased their price target on shares of Aqua Metals from $14.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. Finally, ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

The stock’s 50 day moving average is $1.78 and its 200-day moving average is $2.37. The company has a quick ratio of 3.34, a current ratio of 3.54 and a debt-to-equity ratio of 0.15.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). Aqua Metals had a negative return on equity of 66.04% and a negative net margin of 1,081.83%. The company had revenue of $1.48 million during the quarter, compared to the consensus estimate of $0.80 million. On average, analysts anticipate that Aqua Metals Inc will post -0.79 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in AQMS. Cannell Peter B & Co. Inc. bought a new position in Aqua Metals in the second quarter worth about $27,000. Wellington Shields & Co. LLC bought a new position in Aqua Metals in the second quarter worth about $42,000. White Pine Capital LLC bought a new position in Aqua Metals in the first quarter worth about $45,000. National Asset Management Inc. raised its stake in Aqua Metals by 67.5% in the second quarter. National Asset Management Inc. now owns 27,300 shares of the business services provider’s stock worth $46,000 after buying an additional 11,000 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in Aqua Metals by 61.5% in the second quarter. Cetera Advisor Networks LLC now owns 31,500 shares of the business services provider’s stock worth $53,000 after buying an additional 12,000 shares in the last quarter. 23.90% of the stock is owned by institutional investors.

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 McCarran, Nevada.

Read More: What is the Rule of 72?

Receive News & Ratings for Aqua Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua Metals and related companies with MarketBeat.com's FREE daily email newsletter.