Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Above 50-Day Moving Average of $0.87

Aqua Metals, Inc. (NASDAQ:AQMSGet Rating)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.87 and traded as high as $0.97. Aqua Metals shares last traded at $0.96, with a volume of 280,353 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AQMS shares. HC Wainwright dropped their target price on shares of Aqua Metals to $4.00 in a research report on Friday, April 29th. StockNews.com upgraded shares of Aqua Metals to a “sell” rating in a research report on Thursday, July 7th.

Aqua Metals Stock Up 4.6 %

The firm has a market capitalization of $73.87 million, a P/E ratio of -5.33 and a beta of 1.44. The firm’s 50-day simple moving average is $0.87 and its 200-day simple moving average is $1.01.

Aqua Metals (NASDAQ:AQMSGet Rating) last announced its earnings results on Thursday, July 21st. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. During the same quarter in the prior year, the business earned ($0.06) EPS. As a group, analysts expect that Aqua Metals, Inc. will post -0.2 EPS for the current fiscal year.

Insider Transactions at Aqua Metals

In other news, insider Benjamin S. Taecker sold 49,556 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $0.77, for a total value of $38,158.12. Following the completion of the sale, the insider now directly owns 365,091 shares in the company, valued at approximately $281,120.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Stephen Cotton sold 283,758 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $0.77, for a total transaction of $218,493.66. Following the completion of the sale, the chief executive officer now directly owns 3,787,217 shares in the company, valued at approximately $2,916,157.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin S. Taecker sold 49,556 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $0.77, for a total transaction of $38,158.12. Following the sale, the insider now owns 365,091 shares of the company’s stock, valued at $281,120.07. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Aqua Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in 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 valued at $26,000 after buying an additional 16,664 shares during the last quarter. Royal Capital Wealth Management LLC bought a new stake in Aqua Metals during the 4th quarter valued at $28,000. Commonwealth Equity Services LLC raised its holdings in Aqua Metals by 482.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 65,197 shares of the business services provider’s stock valued at $52,000 after buying an additional 54,000 shares during the last quarter. Titleist Asset Management LTD. raised its holdings in Aqua Metals by 81.3% during the 1st quarter. Titleist Asset Management LTD. now owns 150,037 shares of the business services provider’s stock valued at $227,000 after buying an additional 67,297 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in Aqua Metals during the 4th quarter valued at $260,000. 19.44% of the stock is currently owned by institutional investors.

Aqua Metals Company Profile

(Get Rating)

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. Aqua Metals, Inc was incorporated in 2014 and is headquartered in Reno, Nevada.

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