ValuEngine Downgrades Aqua Metals (NASDAQ:AQMS) to Sell

Aqua Metals (NASDAQ:AQMS) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other brokerages have also issued reports on AQMS. Alliance Global Partners lowered Aqua Metals from a “buy” rating to a “neutral” rating in a research report on Monday. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.00.

Aqua Metals stock opened at $0.81 on Tuesday. The stock’s 50 day moving average price is $1.57 and its 200 day moving average price is $1.74. The firm has a market capitalization of $77.47 million, a PE ratio of -0.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.87 and a current ratio of 2.06. Aqua Metals has a one year low of $0.67 and a one year high of $4.33.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.08). The company had revenue of $2.36 million for the quarter, compared to analyst estimates of $1.90 million. Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. On average, analysts forecast that Aqua Metals will post -0.8 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in AQMS. Cannell Peter B & Co. Inc. acquired a new position in shares of Aqua Metals in the 2nd quarter valued at approximately $27,000. Wellington Shields & Co. LLC acquired a new position in shares of Aqua Metals in the 2nd quarter valued at approximately $42,000. National Asset Management Inc. raised its position in shares of Aqua Metals by 67.5% in the 2nd quarter. National Asset Management Inc. now owns 27,300 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 11,000 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Aqua Metals by 61.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 31,500 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Aqua Metals by 32.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,862 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 17,890 shares in the last quarter. 25.07% of the stock is currently owned by institutional investors.

Aqua Metals Company Profile

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.

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