ValuEngine Lowers Aquabounty Technologies (NASDAQ:AQB) to Hold

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ValuEngine downgraded shares of Aquabounty Technologies (NASDAQ:AQB) from a buy rating to a hold rating in a report issued on Friday, ValuEngine reports.

Other equities analysts have also issued reports about the company. HC Wainwright set a $4.00 price target on Aquabounty Technologies and gave the company a buy rating in a research note on Thursday, July 11th. National Securities reissued a buy rating and set a $5.00 price target on shares of Aquabounty Technologies in a research note on Monday, June 10th.

Shares of Aquabounty Technologies stock opened at $3.24 on Friday. The company’s 50 day moving average price is $3.24. Aquabounty Technologies has a 12 month low of $1.51 and a 12 month high of $5.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.24 and a quick ratio of 7.10.

Several large investors have recently bought and sold shares of the company. Cpwm LLC purchased a new stake in shares of Aquabounty Technologies in the second quarter worth approximately $61,000. Actinver Wealth Management Inc. purchased a new stake in shares of Aquabounty Technologies in the fourth quarter worth approximately $69,000. FNY Investment Advisers LLC purchased a new stake in shares of Aquabounty Technologies in the second quarter worth approximately $79,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Aquabounty Technologies in the first quarter worth approximately $331,000. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of Aquabounty Technologies in the first quarter worth approximately $352,000. 51.44% of the stock is owned by institutional investors and hedge funds.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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