AquaBounty Technologies (NASDAQ:AQB – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.30) by $1.07, Zacks reports.
AquaBounty Technologies Trading Up 3.0%
Shares of NASDAQ AQB traded up $0.03 during mid-day trading on Friday, hitting $0.98. The company had a trading volume of 35,086 shares, compared to its average volume of 72,610. AquaBounty Technologies has a 12 month low of $0.77 and a 12 month high of $1.64. The firm’s 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $1.02.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
About AquaBounty Technologies
AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing and producing land-raised Atlantic salmon. Its principal product is AquAdvantage salmon, a genetically engineered salmon designed to reach market size more quickly than conventional Atlantic salmon. The company has pursued land-based, contained aquaculture systems intended to reduce reliance on ocean-based farming and improve production efficiency.
AquAdvantage salmon incorporates a growth-hormone gene from Chinook salmon and a regulatory sequence from ocean pout.
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