Aqua Metals (NASDAQ:AQMS) Share Price Passes Below 50 Day Moving Average of $0.39

Aqua Metals, Inc. (NASDAQ:AQMSGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.39 and traded as low as $0.35. Aqua Metals shares last traded at $0.36, with a volume of 663,394 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AQMS. Benchmark reissued a “buy” rating and issued a $2.00 price target on shares of Aqua Metals in a research note on Thursday, May 16th. HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Aqua Metals in a report on Thursday, May 16th.

Get Our Latest Report on Aqua Metals

Aqua Metals Trading Down 9.7 %

The company has a market cap of $40.38 million, a price-to-earnings ratio of -1.43 and a beta of 1.00. The firm’s fifty day simple moving average is $0.39 and its 200 day simple moving average is $0.51.

Aqua Metals (NASDAQ:AQMSGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The business services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). As a group, sell-side analysts expect that Aqua Metals, Inc. will post -0.2 EPS for the current year.

Insider Activity

In related news, CEO Stephen Cotton bought 250,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average price of $0.39 per share, for a total transaction of $97,500.00. Following the acquisition, the chief executive officer now owns 6,352,233 shares in the company, valued at approximately $2,477,370.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 312,500 shares of company stock worth $121,875. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AQMS. AWM Investment Company Inc. boosted its holdings in shares of Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock valued at $968,000 after buying an additional 900,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Aqua Metals by 32.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider’s stock worth $1,098,000 after buying an additional 351,175 shares during the period. Finally, Boston Partners boosted its stake in shares of Aqua Metals by 16.0% during the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after buying an additional 85,019 shares during the period. Institutional investors and hedge funds own 21.98% of the company’s stock.

About Aqua Metals

(Get Free Report)

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.

Further Reading

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