Aqua Metals (NASDAQ:AQMS) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

Aqua Metals, Inc. (NASDAQ:AQMS)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.58 and traded as low as $1.99. Aqua Metals shares last traded at $2.07, with a volume of 21,880 shares traded.

Analyst Upgrades and Downgrades

AQMS has been the topic of a number of research analyst reports. Benchmark reaffirmed 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aqua Metals in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.

Aqua Metals Trading Down 1.9%

The stock’s fifty day moving average price is $2.57 and its 200-day moving average price is $3.29. The firm has a market cap of $7.23 million, a price-to-earnings ratio of -0.43 and a beta of 0.32.

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

About Aqua Metals

Aqua Metals, Inc is a technology company focused on developing and commercializing environmentally responsible battery-recycling processes. Its primary platform, AquaRefining, is a patented, water-based electrochemical process designed to recover high-purity lead from spent lead-acid batteries without the high-temperature smelting traditionally used in battery recycling.

The AquaRefining process is intended to reduce emissions and improve the efficiency and safety of lead recovery while supporting a closed-loop battery supply chain.