Aqua Metals, Inc. (NASDAQ:AQMS) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 8,100 call options on the company. This represents an increase of 190% compared to the average daily volume of 2,793 call options.
A number of hedge funds have recently made changes to their positions in AQMS. Levin Capital Strategies L.P. raised its holdings in shares of Aqua Metals by 100.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the business services provider's stock valued at $46,000 after buying an additional 25,000 shares during the period. Williams Jones Wealth Management LLC. boosted its holdings in shares of Aqua Metals by 125.0% during the third quarter. Williams Jones Wealth Management LLC. now owns 45,000 shares of the business services provider's stock worth $41,000 after purchasing an additional 25,000 shares during the last quarter. National Asset Management Inc. boosted its holdings in Aqua Metals by 67.0% in the third quarter. National Asset Management Inc. now owns 62,300 shares of the business services provider's stock valued at $57,000 after acquiring an additional 25,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Aqua Metals during the second quarter worth about $40,000. Finally, Cannell Capital LLC increased its holdings in Aqua Metals by 343.0% in the third quarter. Cannell Capital LLC now owns 3,257,903 shares of the business services provider's stock valued at $2,968,000 after buying an additional 2,522,522 shares during the last quarter. Institutional investors own 18.26% of the company's stock.
Shares of NASDAQ AQMS traded up $1.43 during midday trading on Tuesday, reaching $7.33. 193,563 shares of the stock traded hands, compared to its average volume of 5,534,139. The stock has a market capitalization of $448.42 million, a PE ratio of -20.00 and a beta of 1.93. The company's 50 day moving average is $2.83 and its 200 day moving average is $1.47. Aqua Metals has a one year low of $0.33 and a one year high of $6.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.26.
Separately, Zacks Investment Research lowered shares of Aqua Metals from a "buy" rating to a "hold" rating in a research note on Wednesday, December 23rd.
About Aqua Metals
Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells lead bullion, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.
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