Aqua Metals (NASDAQ:AQMS) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Aqua Metals, Inc. (NASDAQ:AQMS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.28 and traded as low as $2.27. Aqua Metals shares last traded at $2.52, with a volume of 165,808 shares traded.

Aqua Metals Stock Performance

The company has a market capitalization of $17.97 million, a price-to-earnings ratio of -0.53 and a beta of 0.98. The business’s 50 day moving average price is $2.28 and its two-hundred day moving average price is $4.08.

Hedge Funds Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the period. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.98% of the company’s stock.

About Aqua Metals

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.