Shares of Aqua Metals Inc. (NASDAQ:AQMS) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus target price of $14.50 for the company and are expecting that the company will post ($0.18) EPS for the current quarter, according to Zacks. Zacks has also given Aqua Metals an industry rank of 227 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday, September 30th.
A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. bought a new position in Aqua Metals during the second quarter worth approximately $196,000. Schwab Charles Investment Management Inc. bought a new position in Aqua Metals during the second quarter worth approximately $205,000. California State Teachers Retirement System bought a new position in Aqua Metals during the second quarter worth approximately $265,000. Kayne Anderson Capital Advisors LP bought a new position in Aqua Metals during the second quarter worth approximately $375,000. Finally, Bank of New York Mellon Corp bought a new position in Aqua Metals during the second quarter worth approximately $377,000. 19.41% of the stock is owned by institutional investors and hedge funds.
Aqua Metals (NASDAQ:AQMS) opened at 9.24 on Tuesday. The company’s 50-day moving average is $8.98 and its 200-day moving average is $9.40. Aqua Metals has a 52 week low of $4.50 and a 52 week high of $13.07. The company’s market cap is $143.90 million.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.05. On average, analysts anticipate that Aqua Metals will post ($0.74) EPS for the current fiscal year.
Aqua Metals Company Profile
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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