AquaBounty Technologies (NASDAQ:AQB) Stock Price Up 3.2% – What’s Next?

AquaBounty Technologies, Inc. (NASDAQ:AQB – Get Free Report)’s share price rose 3.2% during trading on Friday . The stock traded as high as $1.00 and last traded at $1.00. Approximately 49,272 shares were traded during trading, an increase of 46% from the average daily volume of 33,680 shares. The stock had previously closed at $0.9691.

AquaBounty Technologies Trading Up 3.2%

The company has a market cap of $5.15 million, a P/E ratio of -0.84 and a beta of 1.39. The business’s fifty day moving average is $0.96 and its 200 day moving average is $0.94.

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AquaBounty Technologies (NASDAQ:AQB – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.20) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AquaBounty Technologies stock. Two Sigma Investments LP purchased a new stake in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 37,565 shares of the company’s stock, valued at approximately $84,000. Two Sigma Investments LP owned approximately 0.97% of AquaBounty Technologies at the end of the most recent reporting period. 8.92% of the stock is owned by institutional investors.

About AquaBounty Technologies

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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.

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