Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Below Two Hundred Day Moving Average of $0.39

Aqua Metals, Inc. (NASDAQ:AQMS) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.39 and traded as low as $0.20. Aqua Metals shares last traded at $0.20, with a volume of 547,361 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on AQMS. HC Wainwright dropped their price objective on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Benchmark dropped their price objective on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a research report on Tuesday, August 6th.

Aqua Metals Stock Performance

The firm has a market cap of $21.68 million, a price-to-earnings ratio of -0.77 and a beta of 1.00. The company has a 50 day moving average of $0.26 and a 200 day moving average of $0.39.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the company posted ($0.06) EPS. Equities analysts forecast that Aqua Metals, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Aqua Metals

Large investors have recently added to or reduced their stakes in the company. Boston Partners grew its holdings 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 in the last quarter. AWM Investment Company Inc. grew its holdings in shares of Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock valued at $968,000 after acquiring an additional 900,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Aqua Metals by 14.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 208,432 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 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.