AquaBounty Technologies (NASDAQ:AQB) Stock Price Up 3.2% – What’s Next?

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

AquaBounty Technologies Trading Up 3.2%

The company’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.94. The stock has a market cap of $5.15 million, a P/E ratio of -0.84 and a beta of 1.39.

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

Hedge Funds Weigh In On AquaBounty Technologies

A hedge fund recently raised its stake in AquaBounty Technologies stock. Renaissance Technologies LLC grew its position in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% during the 4th quarter, according to the company in its most recent 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 quarter. Renaissance Technologies LLC owned 3.14% of AquaBounty Technologies worth $113,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 8.92% of the company’s stock.

About AquaBounty Technologies

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.