Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Aqua Metals, Inc. (NASDAQ:AQMS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.86 and traded as high as $2.89. Aqua Metals shares last traded at $2.81, with a volume of 36,679 shares traded.

Analyst Ratings Changes

AQMS has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a report on Friday, July 17th. Benchmark restated 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

Aqua Metals Stock Performance

The company’s 50-day moving average price is $2.86 and its 200 day moving average price is $3.91. The stock has a market capitalization of $10.00 million, a P/E ratio of -0.60 and a beta of 0.31.

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

Hedge Funds Weigh In On Aqua Metals

A number of institutional investors and hedge funds have recently made changes to their positions in AQMS. Stifel Financial Corp bought a new position in shares of Aqua Metals in the 4th quarter valued at about $269,000. Geode Capital Management LLC bought a new position in shares of Aqua Metals during the 4th quarter valued at approximately $129,000. Hamilton Capital Partners LLC bought a new stake in Aqua Metals in the fourth quarter worth $84,000. Price T Rowe Associates Inc. MD purchased a new position in Aqua Metals during the fourth quarter worth $77,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Aqua Metals during the third quarter valued at $82,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

About Aqua Metals

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.