Aqua Metals, Inc. (NASDAQ:AQMS – Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.03 and traded as low as $2.84. Aqua Metals shares last traded at $2.90, with a volume of 24,909 shares trading hands.
Analysts Set New Price Targets
AQMS has been the topic of a number of recent analyst reports. Benchmark reiterated a “speculative buy” rating on shares of Aqua Metals in a report on Friday, June 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Aqua Metals presently has a consensus rating of “Hold”.
View Our Latest Stock Report on AQMS
Aqua Metals Stock Performance
Aqua Metals (NASDAQ:AQMS – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The business services provider reported ($1.22) EPS for the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AQMS. Stifel Financial Corp bought a new position in shares of Aqua Metals in the fourth quarter worth $269,000. Geode Capital Management LLC bought a new stake in shares of Aqua Metals during the fourth quarter valued at about $129,000. Hamilton Capital Partners LLC acquired a new stake in Aqua Metals in the fourth quarter worth about $84,000. Price T Rowe Associates Inc. MD acquired a new stake in Aqua Metals in the fourth quarter worth about $77,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Aqua Metals in the third quarter worth about $82,000. Institutional investors and hedge funds own 21.98% of the company’s stock.
About Aqua Metals
Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.
Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.
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