Shares of AquaBounty Technologies, Inc. (NASDAQ:AQB – Get Free Report) traded up 7.8% on Friday. The stock traded as high as $1.09 and last traded at $1.05. 110,233 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 95,446 shares. The stock had previously closed at $0.9742.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Analysis on AQB
AquaBounty Technologies Trading Up 7.8%
AquaBounty Technologies (NASDAQ:AQB – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in AquaBounty Technologies stock. BlackRock Inc. purchased a new position in AquaBounty Technologies, Inc. (NASDAQ:AQB – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 47,528 shares of the company’s stock, valued at approximately $51,000. BlackRock Inc. owned about 0.92% of AquaBounty Technologies at the end of the most recent quarter. Institutional investors own 8.92% of the company’s stock.
AquaBounty Technologies Company Profile
AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing land-based, land-based recirculating aquaculture systems (RAS) to produce Atlantic salmon. The company’s approach is designed to support year-round fish production while reducing reliance on ocean-based farming and limiting water use through treatment and reuse.
AquaBounty’s principal product is AquAdvantage salmon, a genetically engineered Atlantic salmon developed to reach market size more efficiently than conventional Atlantic salmon.
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