AquaBounty Technologies (NASDAQ:AQB) Releases Quarterly Earnings Results

AquaBounty Technologies (NASDAQ:AQB) released its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, Zacks reports.

AquaBounty Technologies Trading Up 9.3%

Shares of NASDAQ:AQB opened at $1.17 on Friday. AquaBounty Technologies has a 52 week low of $0.70 and a 52 week high of $2.95. The company’s 50 day moving average is $0.99 and its two-hundred day moving average is $0.96. The company has a market cap of $6.03 million, a PE ratio of -0.98 and a beta of 1.39.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AquaBounty Technologies in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AquaBounty Technologies

An institutional investor recently bought a new stake in AquaBounty Technologies stock. Two Sigma Investments LP bought a new position in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,565 shares of the company’s stock, valued at approximately $84,000. Two Sigma Investments LP owned about 0.97% of AquaBounty Technologies as of its most recent SEC filing. 8.92% of the stock is currently owned by institutional investors.

AquaBounty Technologies Company Profile

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.