Wall Street analysts expect Aquabounty Technologies Inc (NASDAQ:AQB) to report ($0.19) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Aquabounty Technologies’ earnings. Aquabounty Technologies reported earnings of ($0.21) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The firm is expected to issue its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Aquabounty Technologies will report full year earnings of ($0.63) per share for the current financial year, with EPS estimates ranging from ($0.67) to ($0.59). Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Aquabounty Technologies.
Aquabounty Technologies (NASDAQ:AQB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.09). The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.12 million. Aquabounty Technologies had a negative return on equity of 43.63% and a negative net margin of 12,214.12%.
Several analysts have commented on AQB shares. Zacks Investment Research lowered shares of Aquabounty Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. National Securities cut their target price on shares of Aquabounty Technologies from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Finally, HC Wainwright set a $4.00 target price on shares of Aquabounty Technologies and gave the stock a “buy” rating in a research report on Thursday, December 27th.
Shares of NASDAQ:AQB traded up $0.05 on Friday, reaching $2.26. 173,008 shares of the company traded hands, compared to its average volume of 415,414. Aquabounty Technologies has a 52 week low of $1.51 and a 52 week high of $5.45. The stock has a market capitalization of $48.81 million, a P/E ratio of -2.40 and a beta of 0.41. The company has a current ratio of 3.83, a quick ratio of 3.75 and a debt-to-equity ratio of 0.15.
Institutional investors and hedge funds have recently made changes to their positions in the company. Actinver Wealth Management Inc. purchased a new position in Aquabounty Technologies in the 4th quarter worth about $69,000. PFG Advisors bought a new stake in shares of Aquabounty Technologies during the fourth quarter valued at approximately $33,000. Finally, Third Security LLC increased its position in shares of Aquabounty Technologies by 20.4% during the fourth quarter. Third Security LLC now owns 9,076,753 shares of the company’s stock valued at $18,607,000 after purchasing an additional 1,538,461 shares during the period. 54.30% of the stock is owned by hedge funds and other institutional investors.
Aquabounty Technologies Company Profile
AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.
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