Aqua Metals (AQMS) Reaches New 12-Month Low at $1.83

Aqua Metals Inc (NASDAQ:AQMS) reached a new 52-week low during trading on Tuesday . The stock traded as low as $1.83 and last traded at $2.12, with a volume of 345000 shares trading hands. The stock had previously closed at $2.18.

Several research firms have commented on AQMS. Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. HC Wainwright reiterated a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Finally, Oppenheimer reiterated a “buy” rating and issued a $34.00 price objective on shares of Aqua Metals in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Aqua Metals has an average rating of “Buy” and an average price target of $28.60.

The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19. The firm has a market cap of $51.80 and a P/E ratio of -1.48.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $0.65 million. equities research analysts predict that Aqua Metals Inc will post -1.22 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC grew its position in shares of Aqua Metals by 15.8% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,253,897 shares of the business services provider’s stock valued at $8,589,000 after acquiring an additional 171,305 shares during the period. Leisure Capital Management bought a new position in shares of Aqua Metals during the 3rd quarter valued at approximately $371,000. Vanguard Group Inc. grew its position in shares of Aqua Metals by 22.4% during the 2nd quarter. Vanguard Group Inc. now owns 630,467 shares of the business services provider’s stock valued at $7,912,000 after acquiring an additional 115,233 shares during the period. Bank of New York Mellon Corp grew its position in shares of Aqua Metals by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,265 shares of the business services provider’s stock valued at $3,279,000 after acquiring an additional 48,949 shares during the period. Finally, Robecosam AG grew its position in shares of Aqua Metals by 32.0% during the 2nd quarter. Robecosam AG now owns 424,000 shares of the business services provider’s stock valued at $5,287,000 after acquiring an additional 102,900 shares during the period. 28.87% of the stock is owned by hedge funds and other institutional investors.

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Aqua Metals Company Profile

Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.

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