Aqua Metals (NASDAQ:AQMS)’s share price is moving below its two hundred day moving average of $0.39

Shares of Aqua Metals, Inc. (NASDAQ:AQMS – Get Free Report ) moved below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.39 and has traded as low as $0.20. Aqua Metals shares last traded at $0.20 with a volume of 547,361 shares traded.

Analysts set new price targets

Several research firms recently weighed in on AQMS. HC Wainwright decreased their price objective on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Benchmark dropped their price objective on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative-buy” rating for the company in a research report on Tuesday, August 6th.

Read the latest stock analysis on Aqua Metals

Aqua Metals Stock Performance

The firm has a market cap of $21.68 million, a price-to-earnings ratio of -0.77 and a beta of 1.00. The company has a 50-day moving average of $0.26 and a 200-day moving average of $0.39.

Aqua Metals (NASDAQ:AQMS – Get Free Report ) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the company posted EPS of ($0.06). Stock analysts predict that Aqua Metals, Inc. will record -0.14 EPS for the current fiscal year.

Hedge funds are weighing on Aqua Metals

Large investors have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Aqua Metals by 16.0% in the first quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 85,019 shares during the last quarter. AWM Investment Company Inc. grew its holdings in shares of Aqua Metals by 100.0% in the first quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock valued at $968,000 after purchasing an additional 900,000 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Aqua Metals by 14.4% in the first quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 208,432 shares in the last quarter. Institutional investors own 21.98% of the company’s shares.

Aqua Metals Company Profile

(Get a free report)

Aqua Metals, Inc is committed to reinventing metal recycling activities with its patented AquaRefining technology. The company’s technology produces metals and alloys that can be returned to battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.

Further reading

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