Aqua Metals (AQMS) Set to Announce Quarterly Earnings on Thursday

Aqua Metals (NASDAQ:AQMSGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

Aqua Metals (NASDAQ:AQMSGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The business services provider reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. The business had revenue of $0.17 million during the quarter. During the same quarter in the previous year, the company posted ($0.05) earnings per share. On average, analysts expect Aqua Metals to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AQMS traded down $0.01 during trading on Thursday, reaching $1.14. 230,228 shares of the company traded hands, compared to its average volume of 917,215. The company has a market cap of $81.30 million, a P/E ratio of -4.38 and a beta of 1.35. Aqua Metals has a 12-month low of $0.75 and a 12-month high of $3.82. The firm has a fifty day simple moving average of $1.22 and a 200 day simple moving average of $1.42.

In other news, CEO Stephen Cotton sold 100,605 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $1.41, for a total transaction of $141,853.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Aqua Metals by 56.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 54,914 shares of the business services provider’s stock worth $68,000 after acquiring an additional 19,823 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Aqua Metals in the 3rd quarter worth approximately $170,000. Titleist Asset Management LTD. purchased a new position in shares of Aqua Metals in the 4th quarter worth approximately $102,000. Virtu Financial LLC bought a new position in shares of Aqua Metals during the 4th quarter valued at approximately $145,000. Finally, Millennium Management LLC raised its holdings in Aqua Metals by 40.8% during the 4th quarter. Millennium Management LLC now owns 429,935 shares of the business services provider’s stock valued at $529,000 after buying an additional 124,547 shares during the period. 18.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on AQMS shares. Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Tuesday. StockNews.com upgraded Aqua Metals to a “sell” rating in a research report on Wednesday, February 9th.

Aqua Metals Company Profile (Get Rating)

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

Further Reading

Earnings History for Aqua Metals (NASDAQ:AQMS)

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