Weiss Ratings Reaffirms Sell (E+) Rating for 374Water (NASDAQ:SCWO)

374Water (NASDAQ:SCWO)‘s stock had its “sell (e+)” rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

374Water Price Performance

NASDAQ:SCWO opened at $0.41 on Wednesday. The firm has a market cap of $59.15 million, a price-to-earnings ratio of -5.11 and a beta of -0.13. The company has a 50 day moving average price of $0.32 and a 200-day moving average price of $0.48. 374Water has a 1-year low of $0.25 and a 1-year high of $1.99.

374Water (NASDAQ:SCWO) last posted its earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.54 million for the quarter, compared to analysts’ expectations of $0.10 million.

Institutional Investors Weigh In On 374Water

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC purchased a new stake in 374Water in the 4th quarter worth $765,000. Captrust Financial Advisors increased its holdings in 374Water by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock worth $458,000 after acquiring an additional 28,461 shares in the last quarter. D.A. Davidson & CO. increased its holdings in 374Water by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 570,465 shares of the company’s stock worth $194,000 after acquiring an additional 101,285 shares in the last quarter. Northern Trust Corp increased its holdings in 374Water by 6.7% in the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company’s stock worth $353,000 after acquiring an additional 32,285 shares in the last quarter. Finally, Sentinel Trust Co. LBA increased its holdings in 374Water by 30.8% in the 1st quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company’s stock worth $136,000 after acquiring an additional 94,500 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.