AquaBounty Technologies (NASDAQ:AQB) Stock Price Up 1.6%

AquaBounty Technologies, Inc. (NASDAQ:AQB) rose 1.6% during mid-day trading on Thursday . The stock traded as high as $1.85 and last traded at $1.85. Approximately 6,125 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 29,286 shares. The stock had previously closed at $1.82.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of AquaBounty Technologies in a research note on Tuesday, April 2nd.

AquaBounty Technologies Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.68 and a current ratio of 0.80. The firm’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $2.40.

AquaBounty Technologies (NASDAQ:AQB) last released its earnings results on Monday, April 1st. The company reported ($2.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.52) by ($0.67). The firm had revenue of $0.55 million for the quarter, compared to analyst estimates of $0.73 million. AquaBounty Technologies had a negative net margin of 1,114.81% and a negative return on equity of 15.68%. As a group, sell-side analysts expect that AquaBounty Technologies, Inc. will post -4.5 EPS for the current fiscal year.

About AquaBounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology.