Aqua Metals (NASDAQ:AQMS) Lifted to “Sell” at StockNews.com

Posted by on Apr 9th, 2023

Aqua Metals (NASDAQ:AQMS – Get Rating) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report issued on Friday.

Aqua Metals Price Performance

NASDAQ AQMS opened at $0.97 on Friday. The firm’s 50 day moving average is $1.11 and its 200-day moving average is $0.96. The company has a market capitalization of $80.15 million, a PE ratio of -4.87 and a beta of 1.24. Aqua Metals has a 12-month low of $0.50 and a 12-month high of $1.59.

Aqua Metals (NASDAQ:AQMS – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). During the same quarter last year, the business earned ($0.06) earnings per share. As a group, sell-side analysts expect that Aqua Metals will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Aqua Metals by 2,918.4% during the 1st quarter. Bank of America Corp DE now owns 17,235 shares of the business services provider’s stock worth $26,000 after purchasing an additional 16,664 shares in the last quarter. State Street Corp lifted its stake in Aqua Metals by 8.1% in the first quarter. State Street Corp now owns 250,234 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 18,710 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in shares of Aqua Metals in the 4th quarter valued at about $25,000. Price T Rowe Associates Inc. MD increased its stake in shares of Aqua Metals by 23.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 111,800 shares of the business services provider’s stock worth $91,000 after purchasing an additional 21,300 shares during the last quarter. Finally, UBS Group AG bought a new stake in shares of Aqua Metals in the 4th quarter valued at about $39,000. 15.65% of the stock is currently owned by institutional investors.

Aqua Metals Company Profile

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Aqua Metals, Inc engages in the production of recycled lead through a novel, proprietary and patent-pending process, called AquaRefining. Its products include Aqualyzer and Pure Metrics. The company was founded by Stephen R. Clarke, Thomas Murphy, and Selwyn Mould on June 20, 2014 and is headquartered in Reno, NV.

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