HC Wainwright Reiterates “Buy” Rating for Aqua Metals (NASDAQ:AQMS)

Aqua Metals (NASDAQ:AQMS)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a report issued on Thursday, Benzinga reports. They presently have a $4.00 price target on the business services provider’s stock.

Several other equities research analysts have also commented on the stock. Benchmark began coverage on shares of Aqua Metals in a research note on Friday, March 15th. They set a “speculative buy” rating and a $2.00 price objective on the stock. StockNews.com upgraded shares of Aqua Metals to a “sell” rating in a research note on Friday, December 15th.

Aqua Metals Price Performance

Shares of NASDAQ AQMS opened at $0.52 on Thursday. Aqua Metals has a 1 year low of $0.46 and a 1 year high of $1.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 7.45 and a quick ratio of 7.20. The company’s 50-day moving average is $0.54 and its 200 day moving average is $0.77. The stock has a market capitalization of $56.38 million, a P/E ratio of -2.49 and a beta of 1.06.

Institutional Trading of Aqua Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. Vanguard Group Inc. increased its stake in shares of Aqua Metals by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,206,085 shares of the business services provider’s stock worth $3,197,000 after purchasing an additional 46,463 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Aqua Metals by 8.3% in the third quarter. Baird Financial Group Inc. now owns 3,885,207 shares of the business services provider’s stock worth $2,934,000 after purchasing an additional 296,880 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Aqua Metals by 6.7% in the third quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 184,641 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Aqua Metals by 32.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 351,175 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Aqua Metals by 1.3% during the second quarter. BlackRock Inc. now owns 1,168,026 shares of the business services provider’s stock worth $1,367,000 after acquiring an additional 14,532 shares during the last quarter. 21.98% of the stock is owned by hedge funds and other institutional investors.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.