Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.13 and traded as low as $6.50. Aqua Metals shares last traded at $6.61, with a volume of 270,773 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aqua Metals has a consensus rating of “Hold” and an average target price of $30.00.

Aqua Metals Price Performance

The stock has a market cap of $9.78 million, a price-to-earnings ratio of -0.18 and a beta of 0.42. The business’s 50 day moving average is $7.13 and its 200 day moving average is $7.25.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, August 13th. The business services provider reported ($7.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($6.00) by ($1.44). As a group, analysts forecast that Aqua Metals, Inc. will post -2.8 earnings per share for the current year.

Institutional Trading of Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Baird Financial Group Inc. grew its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 81.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 671,858 shares of the business services provider’s stock after buying an additional 300,787 shares during the period. Baird Financial Group Inc. owned 8.10% of Aqua Metals worth $1,256,000 at the end of the most recent reporting 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.