AquaBounty Technologies (NASDAQ:AQB) Trading 3.2% Higher – Should You Buy?

AquaBounty Technologies, Inc. (NASDAQ:AQB)’s stock price traded up 3.2% on Friday . The company traded as high as $1.00 and last traded at $1.00. 49,272 shares were traded during trading, an increase of 46% from the average session volume of 33,680 shares. The stock had previously closed at $0.9691.

AquaBounty Technologies Trading Up 3.2%

The firm has a market capitalization of $5.15 million, a price-to-earnings ratio of -0.84 and a beta of 1.39. The stock’s 50 day moving average price is $0.96 and its two-hundred day moving average price is $0.94.

AquaBounty Technologies (NASDAQ:AQB) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.20) earnings per share for the quarter.

Institutional Investors Weigh In On AquaBounty Technologies

An institutional investor recently raised its position in AquaBounty Technologies stock. Renaissance Technologies LLC increased its holdings in AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,585 shares of the company’s stock after buying an additional 92,065 shares during the period. Renaissance Technologies LLC owned about 3.14% of AquaBounty Technologies worth $113,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.92% of the company’s stock.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.