Aqua Metals (NASDAQ:AQMS) Stock Price Down 16.5%

Aqua Metals Inc (NASDAQ:AQMS) shares traded down 16.5% on Tuesday . The company traded as low as $0.75 and last traded at $0.76, 1,709,900 shares changed hands during trading. An increase of 62% from the average session volume of 1,053,623 shares. The stock had previously closed at $0.91.

A number of equities research analysts have recently weighed in on the stock. Alliance Global Partners lowered shares of Aqua Metals from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.50.

The company has a market capitalization of $43.65 million, a PE ratio of -0.64 and a beta of 0.71. The business’s 50-day moving average is $0.77 and its 200-day moving average is $1.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.87 and a current ratio of 2.06.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Aqua Metals had a negative net margin of 879.24% and a negative return on equity of 71.49%. The business had revenue of $2.36 million for the quarter, compared to analysts’ expectations of $1.90 million. Analysts expect that Aqua Metals Inc will post -0.8 EPS for the current year.

In related news, CFO Judd Merrill sold 106,034 shares of Aqua Metals stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $0.71, for a total transaction of $75,284.14. Following the completion of the transaction, the chief financial officer now directly owns 380,209 shares of the company’s stock, valued at approximately $269,948.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Cotton sold 197,090 shares of Aqua Metals stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $0.71, for a total transaction of $139,933.90. Following the completion of the transaction, the chief executive officer now directly owns 816,793 shares of the company’s stock, valued at $579,923.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 308,661 shares of company stock valued at $219,648. 2.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in Aqua Metals by 32.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 72,862 shares of the business services provider’s stock worth $122,000 after buying an additional 17,890 shares during the last quarter. Northern Trust Corp raised its holdings in Aqua Metals by 21.3% in the second quarter. Northern Trust Corp now owns 121,043 shares of the business services provider’s stock worth $202,000 after buying an additional 21,273 shares during the last quarter. Worth Venture Partners LLC purchased a new position in Aqua Metals in the second quarter worth about $272,000. BlackRock Inc. raised its holdings in Aqua Metals by 6.2% in the second quarter. BlackRock Inc. now owns 837,219 shares of the business services provider’s stock worth $1,398,000 after buying an additional 48,897 shares during the last quarter. Finally, ICM Asset Management Inc. WA raised its holdings in Aqua Metals by 40.8% in the third quarter. ICM Asset Management Inc. WA now owns 1,769,509 shares of the business services provider’s stock worth $3,008,000 after buying an additional 513,000 shares during the last quarter. 25.06% of the stock is owned by institutional investors and hedge funds.

About Aqua Metals (NASDAQ:AQMS)

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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