AquaBounty Technologies (NASDAQ:AQB) Posts Earnings Results, Beats Expectations By $1.07 EPS

AquaBounty Technologies (NASDAQ:AQB – Get Free Report) posted its earnings results on Friday. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($1.30) by $1.07, Zacks reports.

AquaBounty Technologies Stock Up 3.0%

Shares of AQB stock opened at $0.98 on Friday. The stock has a market capitalization of $5.10 million, a PE ratio of -1.19 and a beta of 1.45. AquaBounty Technologies has a 52-week low of $0.77 and a 52-week high of $1.64. The stock’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, AquaBounty Technologies currently has an average rating of “Sell”.

Check Out Our Latest Research Report on AQB

AquaBounty Technologies Company Profile

(Get Free Report)

AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing and producing land-raised Atlantic salmon. Its principal product is AquAdvantage salmon, a genetically engineered salmon designed to reach market size more quickly than conventional Atlantic salmon. The company has pursued land-based, contained aquaculture systems intended to reduce reliance on ocean-based farming and improve production efficiency.

AquAdvantage salmon incorporates a growth-hormone gene from Chinook salmon and a regulatory sequence from ocean pout.

Further Reading

Earnings History for AquaBounty Technologies (NASDAQ:AQB)

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