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
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.
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