Aqua Metals (NASDAQ:AQMS) Posts Quarterly Earnings Results

Aqua Metals (NASDAQ:AQMS) posted its quarterly earnings data on Thursday. The business services provider reported ($1.31) earnings per share (EPS) for the quarter, Zacks reports.

Aqua Metals Stock Up 4.0%

Shares of AQMS stock traded up $0.11 during trading on Thursday, reaching $2.86. 17,355 shares of the company’s stock were exchanged, compared to its average volume of 167,359. Aqua Metals has a twelve month low of $2.51 and a twelve month high of $39.40. The firm’s fifty day moving average price is $3.17 and its 200-day moving average price is $4.17. The stock has a market capitalization of $10.15 million, a PE ratio of -0.26 and a beta of 0.29.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AQMS shares. Benchmark reaffirmed a “speculative buy” rating on shares of Aqua Metals in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Aqua Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp acquired a new position in shares of Aqua Metals in the fourth quarter valued at $269,000. Geode Capital Management LLC bought a new position in shares of Aqua Metals in the fourth quarter valued at about $129,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Aqua Metals during the 4th quarter worth about $77,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Aqua Metals during the 3rd quarter worth about $82,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Aqua Metals during the 4th quarter worth about $61,000. 21.98% of the stock is owned by institutional investors.

About Aqua Metals

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.