AquaBounty Technologies (AQB) Projected to Announce Earnings on Tuesday

AquaBounty Technologies (NASDAQ:AQB) will likely be issuing its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of ($1.30) per share and revenue of $0.27 million for the quarter.

AquaBounty Technologies (NASDAQ:AQB) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter.

AquaBounty Technologies Trading Up 2.5%

Shares of NASDAQ AQB traded up $0.03 during midday trading on Tuesday, reaching $1.23. The company’s stock had a trading volume of 23,633 shares, compared to its average volume of 181,711. The company has a 50 day moving average price of $1.10 and a 200 day moving average price of $1.01. AquaBounty Technologies has a one year low of $0.77 and a one year high of $1.64. The company has a market cap of $6.41 million, a price-to-earnings ratio of -1.50 and a beta of 1.48.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing and producing land-raised Atlantic salmon. Its principal product is AquAdvantage salmon, a genetically engineered salmon designed to reach market size more quickly than conventional Atlantic salmon. The company has pursued land-based, contained aquaculture systems intended to reduce reliance on ocean-based farming and improve production efficiency.

AquAdvantage salmon incorporates a growth-hormone gene from Chinook salmon and a regulatory sequence from ocean pout.