According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “
Shares of Aqua Metals (NASDAQ:AQMS) opened at 9.24 on Tuesday. The firm has a 50-day moving average price of $8.98 and a 200-day moving average price of $9.40. The stock’s market cap is $143.90 million. Aqua Metals has a 1-year low of $4.50 and a 1-year high of $13.07.
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. Equities analysts forecast that Aqua Metals will post ($0.74) EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Teachers Advisors Inc. purchased a new stake in shares of Aqua Metals during the second quarter worth about $196,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Aqua Metals during the second quarter worth about $205,000. California State Teachers Retirement System purchased a new stake in shares of Aqua Metals during the second quarter worth about $265,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Aqua Metals during the second quarter worth about $375,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Aqua Metals during the second quarter worth about $377,000. 19.41% of the stock is currently owned by institutional investors.
About Aqua Metals
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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