According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “
Separately, StockNews.com upgraded shares of Aqua Metals to a “sell” rating in a research note on Wednesday, February 9th.
Aqua Metals (NASDAQ:AQMS – Get Rating) last released its earnings results on Thursday, February 24th. The business services provider reported ($0.06) earnings per share 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 earned ($0.05) earnings per share. On average, analysts expect that Aqua Metals will post -0.22 earnings per share for the current fiscal year.
In other news, CEO Stephen Cotton sold 100,605 shares of Aqua Metals stock in a transaction 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 the SEC website. 5.00% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of AQMS. Royal Capital Wealth Management LLC purchased a new stake in shares of Aqua Metals during the fourth quarter worth about $28,000. Barclays PLC acquired a new position in shares of Aqua Metals during the 3rd quarter worth approximately $44,000. Goldman Sachs Group Inc. raised its stake in Aqua Metals by 56.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 54,914 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 19,823 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Aqua Metals in the 4th quarter valued at $98,000. Finally, Titleist Asset Management LTD. purchased a new stake in Aqua Metals in the 4th quarter valued at $102,000. Institutional investors and hedge funds own 18.60% of the company’s stock.
About Aqua Metals (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.
- Get a free copy of the StockNews.com research report on Aqua Metals (AQMS)
- Hasbro Insider Bets Big On Stock Rebound
- The Coca-Cola Company Gets KO’d After Stunning Quarter
- Schwab Stock Can Be Caught Down Here
- Snap Up Some Snap-On On Post-Earnings Weakness
- Time to Buy any Dip in Prologis Stock
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aqua Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua Metals and related companies with MarketBeat.com's FREE daily email newsletter.