Aqua Metals (NASDAQ:AQMS) Stock Passes Below Fifty Day Moving Average of $0.52

Aqua Metals, Inc. (NASDAQ:AQMS - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.52 and traded as low as $0.49. Aqua Metals shares last traded at $0.49, with a volume of 270,798 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on AQMS shares. HC Wainwright reissued a "buy" rating and issued a $4.00 price target on shares of Aqua Metals in a research report on Thursday, March 28th. Benchmark reissued a "speculative buy" rating and set a $2.00 price objective on shares of Aqua Metals in a report on Thursday, March 28th.

Aqua Metals Stock Down 6.5 %

The stock's 50 day simple moving average is $0.52 and its two-hundred day simple moving average is $0.66. The firm has a market cap of $51.85 million, a P/E ratio of -1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.97 and a quick ratio of 3.77.

Aqua Metals (NASDAQ:AQMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 28th. The business services provider reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). As a group, research analysts forecast that Aqua Metals, Inc. will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On Aqua Metals

Hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. bought a new position in shares of Aqua Metals during the third quarter valued at $1,017,000. Kestra Advisory Services LLC grew its stake in Aqua Metals by 1,573.3% during the third quarter. Kestra Advisory Services LLC now owns 561,250 shares of the business services provider's stock valued at $634,000 after acquiring an additional 527,708 shares in the last quarter. Boston Partners increased its holdings in Aqua Metals by 559.7% in the 3rd quarter. Boston Partners now owns 618,665 shares of the business services provider's stock valued at $699,000 after acquiring an additional 524,888 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Aqua Metals by 32.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider's stock worth $1,098,000 after purchasing an additional 351,175 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Aqua Metals by 6.7% in the 3rd quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider's stock worth $3,342,000 after purchasing an additional 184,641 shares in the last quarter. Institutional investors own 21.98% of the company's stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.