AquaBounty Technologies (AQB) Projected to Post Earnings on Tuesday

AquaBounty Technologies (NASDAQ:AQB) is anticipated to announce its results before the market opens on Tuesday, March 10th. Analysts expect the company to announce earnings of ($0.52) per share and revenue of $0.50 million for the quarter.

AquaBounty Technologies Price Performance

AQB stock opened at $0.96 on Tuesday. The stock has a market capitalization of $3.73 million, a P/E ratio of -1.16 and a beta of 1.29. AquaBounty Technologies has a fifty-two week low of $0.50 and a fifty-two week high of $2.95. The business has a 50-day moving average of $0.93 and a 200-day moving average of $1.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AquaBounty Technologies stock. Renaissance Technologies LLC increased its position in AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,585 shares of the company’s stock after purchasing an additional 92,065 shares during the quarter. Renaissance Technologies LLC owned approximately 3.14% of AquaBounty Technologies worth $113,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AquaBounty Technologies in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.