Aqua Metals Inc (NASDAQ:AQMS) shares were down 7.6% during trading on Wednesday . The stock traded as low as $2.68 and last traded at $2.69. Approximately 883,596 shares changed hands during trading, a decline of 10% from the average daily volume of 976,754 shares. The stock had previously closed at $2.91.
Several research analysts have commented on AQMS shares. Zacks Investment Research downgraded shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Oppenheimer reissued a “buy” rating on shares of Aqua Metals in a research note on Monday, February 12th. Eurobank EFG decreased their price target on shares of Aqua Metals from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. EuroPacific Canada reissued a “buy” rating and set a $12.00 price target (down from $17.00) on shares of Aqua Metals in a research note on Friday, February 16th. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 price target on shares of Aqua Metals in a research note on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.40.
The company has a debt-to-equity ratio of 0.19, a current ratio of 4.01 and a quick ratio of 3.77. The company has a market cap of $77.70, a price-to-earnings ratio of -2.09 and a beta of 0.18.
Several institutional investors have recently modified their holdings of AQMS. AWM Investment Company Inc. grew its holdings in shares of Aqua Metals by 62.4% in the fourth quarter. AWM Investment Company Inc. now owns 2,405,046 shares of the business services provider’s stock worth $5,123,000 after purchasing an additional 923,668 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Aqua Metals in the fourth quarter worth approximately $1,887,000. Renaissance Technologies LLC bought a new position in shares of Aqua Metals in the fourth quarter worth approximately $994,000. Selz Capital LLC grew its holdings in shares of Aqua Metals by 402.7% in the fourth quarter. Selz Capital LLC now owns 553,000 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 443,000 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Aqua Metals by 2,625.6% in the fourth quarter. Deutsche Bank AG now owns 426,200 shares of the business services provider’s stock worth $906,000 after purchasing an additional 410,563 shares during the last quarter. Hedge funds and other institutional investors own 36.63% of the company’s stock.
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About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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