AquaBounty Technologies (NASDAQ:AQB) Releases Quarterly Earnings Results

AquaBounty Technologies (NASDAQ:AQB) released its quarterly earnings results on Thursday. The company reported ($0.26) EPS for the quarter, Zacks reports.

AquaBounty Technologies Price Performance

NASDAQ:AQB opened at $1.07 on Friday. The firm has a 50-day moving average of $0.99 and a two-hundred day moving average of $0.96. The stock has a market cap of $5.51 million, a P/E ratio of -0.90 and a beta of 1.39. AquaBounty Technologies has a 1-year low of $0.70 and a 1-year high of $2.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AquaBounty Technologies in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AquaBounty Technologies currently has an average rating of “Sell”.

Institutional Trading of AquaBounty Technologies

An institutional investor recently raised its stake in AquaBounty Technologies stock. Renaissance Technologies LLC boosted its position in AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,585 shares of the company’s stock after buying an additional 92,065 shares during the quarter. Renaissance Technologies LLC owned approximately 3.14% of AquaBounty Technologies worth $113,000 at the end of the most recent quarter. 8.92% of the stock is currently owned by institutional investors.

About AquaBounty Technologies

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.