AquaBounty Technologies (NASDAQ:AQB) Share Price Passes Below Fifty Day Moving Average of $1.23

AquaBounty Technologies, Inc. (NASDAQ:AQB)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.23 and traded as low as $1.17. AquaBounty Technologies shares last traded at $1.24, with a volume of 11,298 shares traded.

AquaBounty Technologies Trading Up 4.2 %

The firm’s 50-day moving average is $1.22 and its 200 day moving average is $1.63. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.78 million, a price-to-earnings ratio of -0.15 and a beta of 1.14.

AquaBounty Technologies (NASDAQ:AQB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.63). The firm had revenue of $0.18 million during the quarter, compared to analyst estimates of $0.10 million. AquaBounty Technologies had a negative return on equity of 17.81% and a negative net margin of 3,923.57%. On average, equities analysts predict that AquaBounty Technologies, Inc. will post -4.86 earnings per share for the current fiscal year.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc, a biotechnology company, operates in the aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It also operates salmon farms using proprietary technology. In addition, the company offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts.