Aqua Metals (NASDAQ:AQMS – Free Report) had its target price decreased by HC Wainwright from $4.00 to $2.00 in a research report sent to investors on Tuesday, Benzinga reports. HC Wainwright currently has a buy rating on the business services provider’s stock.
Separately, Benchmark decreased their price target on shares of Aqua Metals from $2.00 to $1.00 and set a speculative buy rating on the stock in a report on Tuesday.
Check Out Our Latest Stock Analysis on AQMS
Aqua Metals Stock Down 36.7 %
Shares of AQMS opened at $0.19 on Tuesday. The firm has a market cap of $21.34 million, a PE ratio of -0.75 and a beta of 1.00. The company’s fifty day moving average is $0.35 and its two-hundred day moving average is $0.46. Aqua Metals has a fifty-two week low of $0.18 and a fifty-two week high of $1.28.
Aqua Metals (NASDAQ:AQMS – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter last year, the business posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Aqua Metals will post -0.2 earnings per share for the current year.
Insider Activity
In other Aqua Metals news, CEO Stephen Cotton bought 250,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $0.39 per share, with a total value of $97,500.00. Following the purchase, the chief executive officer now owns 6,352,233 shares in the company, valued at approximately $2,477,370.87. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 312,500 shares of company stock valued at $121,875. Company insiders own 4.70% of the company’s stock.
Hedge Funds Weigh In On Aqua Metals
Hedge funds have recently made changes to their positions in the business. Boston Partners raised its stake in shares of Aqua Metals by 16.0% in the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 85,019 shares during the period. Russell Investments Group Ltd. increased its stake in Aqua Metals by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock worth $889,000 after buying an additional 208,432 shares during the period. Finally, AWM Investment Company Inc. increased its stake in Aqua Metals by 100.0% during the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after buying an additional 900,000 shares during the period. Hedge funds and other institutional investors own 21.98% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company’s technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.
Further Reading
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