Aqua Metals (NASDAQ:AQMS) Shares Down 40%

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Aqua Metals Inc (NASDAQ:AQMS)’s share price dropped 40% during trading on Monday . The stock traded as low as $0.67 and last traded at $0.81, approximately 3,673,853 shares traded hands during trading. An increase of 595% from the average daily volume of 528,442 shares. The stock had previously closed at $1.35.

AQMS has been the topic of several recent research reports. Alliance Global Partners lowered Aqua Metals from a “buy” rating to a “neutral” rating in a research report on Monday. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Aqua Metals currently has an average rating of “Hold” and an average target price of $7.00.

The firm has a 50-day moving average of $1.61 and a 200 day moving average of $1.76. The stock has a market capitalization of $77.47 million, a price-to-earnings ratio of -0.69 and a beta of 0.85. The company has a current ratio of 2.06, a quick ratio of 1.87 and a debt-to-equity ratio of 0.17.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.08). The company had revenue of $2.36 million for the quarter, compared to analyst estimates of $1.90 million. Aqua Metals had a negative return on equity of 71.49% and a negative net margin of 879.24%. As a group, research analysts forecast that Aqua Metals Inc will post -0.8 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. lifted its position in Aqua Metals by 42.2% during the 2nd quarter. AWM Investment Company Inc. now owns 5,121,986 shares of the business services provider’s stock worth $8,554,000 after acquiring an additional 1,519,500 shares in the last quarter. Vanguard Group Inc. lifted its position in Aqua Metals by 13.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,991,769 shares of the business services provider’s stock worth $3,326,000 after acquiring an additional 231,206 shares in the last quarter. ICM Asset Management Inc. WA increased its holdings in Aqua Metals by 40.8% during the 3rd quarter. ICM Asset Management Inc. WA now owns 1,769,509 shares of the business services provider’s stock worth $3,008,000 after purchasing an additional 513,000 shares during the last quarter. BlackRock Inc. increased its holdings in Aqua Metals by 6.2% during the 2nd quarter. BlackRock Inc. now owns 837,219 shares of the business services provider’s stock worth $1,398,000 after purchasing an additional 48,897 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Aqua Metals by 56.9% during the 2nd quarter. Advisor Group Inc. now owns 195,815 shares of the business services provider’s stock worth $327,000 after purchasing an additional 70,973 shares during the last quarter. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

Aqua Metals Company Profile (NASDAQ:AQMS)

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada.

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