Alliance Global Partners downgraded shares of Aqua Metals (NASDAQ:AQMS) from a buy rating to a neutral rating in a research report released on Monday morning, The Fly reports.
Separately, Zacks Investment Research cut Aqua Metals from a hold rating to a sell rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $7.00.
NASDAQ AQMS opened at $0.81 on Monday. The business has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.06 and a quick ratio of 1.87. Aqua Metals has a fifty-two week low of $0.67 and a fifty-two week high of $4.33. The stock has a market capitalization of $77.47 million, a PE ratio of -0.69 and a beta of 0.85.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). The business had revenue of $2.36 million for the quarter, compared to analyst estimates of $1.90 million. Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. As a group, sell-side analysts expect that Aqua Metals will post -0.8 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Cannell Peter B & Co. Inc. acquired a new stake in Aqua Metals in the second quarter valued at approximately $27,000. Wellington Shields & Co. LLC bought a new stake in Aqua Metals during the 2nd quarter worth $42,000. National Asset Management Inc. increased its holdings in Aqua Metals by 67.5% in the 2nd quarter. National Asset Management Inc. now owns 27,300 shares of the business services provider’s stock worth $46,000 after purchasing an additional 11,000 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in Aqua Metals by 61.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 31,500 shares of the business services provider’s stock worth $53,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Aqua Metals by 32.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,862 shares of the business services provider’s stock worth $122,000 after purchasing an additional 17,890 shares in the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.
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