Aqua Metals (NASDAQ:AQMS) Stock Breaks Below 50 Day Moving Average – Time to Sell?

Aqua Metals, Inc. (NASDAQ:AQMS) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $2.68 and traded as low as $2.46. Aqua Metals shares last traded at $2.48, with a volume of 39,026 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a report on Friday, July 17th. Benchmark reiterated a “speculative buy” rating and issued a $5.00 price target (down from $12.00) on shares of Aqua Metals in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.00.

Aqua Metals Stock Down 0.4%

The company has a market cap of $8.86 million, a P/E ratio of -0.53 and a beta of 0.33. The company has a fifty day moving average of $2.67 and a 200 day moving average of $3.46.

Aqua Metals (NASDAQ:AQMS) last announced its earnings results on Thursday, July 30th. The business services provider reported ($1.31) EPS for the quarter.

Aqua Metals Company Profile

Aqua Metals, Inc is a clean-technology company focused on developing sustainable battery-recycling solutions. The company is best known for AquaRefining, a proprietary electrochemical process designed to recover high-purity lead from spent lead-acid batteries without the traditional high-temperature smelting process. AquaRefining is intended to reduce emissions and improve the efficiency of lead recovery.

Based in Reno, Nevada, Aqua Metals has developed and operated demonstration and pilot-scale recycling facilities, including its AquaRefinery in Nevada.