Shares of Aqua Metals, Inc. (NASDAQ:AQMS) hit a new 52-week low during trading on Tuesday . The company traded as low as $3.26 and last traded at $3.27, with a volume of 228448 shares traded. The stock had previously closed at $3.58.
A number of analysts have recently commented on AQMS shares. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a report on Friday. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 price objective on shares of Aqua Metals in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Aqua Metals currently has an average rating of “Buy” and a consensus price target of $28.60.
The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). The company had revenue of $0.59 million for the quarter, compared to the consensus estimate of $0.65 million. equities analysts anticipate that Aqua Metals, Inc. will post -1.12 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new position in Aqua Metals in the 2nd quarter worth approximately $126,000. American International Group Inc. raised its stake in Aqua Metals by 8.1% during the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after buying an additional 499 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Aqua Metals during the 2nd quarter valued at $149,000. Sigma Planning Corp purchased a new stake in Aqua Metals during the 2nd quarter valued at $150,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Aqua Metals during the 2nd quarter valued at $160,000. Institutional investors own 43.79% of the company’s stock.
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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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