Aqua Metals (NASDAQ:AQMS) Posts Earnings Results

Aqua Metals (NASDAQ:AQMS) issued its quarterly earnings data on Thursday. The business services provider reported ($1.31) earnings per share (EPS) for the quarter, Zacks reports.

Aqua Metals Price Performance

NASDAQ:AQMS traded up $0.11 during trading hours on Thursday, reaching $2.86. 17,355 shares of the company were exchanged, compared to its average volume of 167,359. The business has a 50 day moving average of $3.17 and a 200 day moving average of $4.17. Aqua Metals has a 1-year low of $2.51 and a 1-year high of $39.40. The company has a market capitalization of $10.15 million, a P/E ratio of -0.26 and a beta of 0.29.

Institutional Trading of Aqua Metals

Several large investors have recently modified their holdings of AQMS. Bank of America Corp DE grew its holdings in shares of Aqua Metals by 844.5% during the 3rd quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4,003 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Aqua Metals in the fourth quarter valued at about $61,000. Schonfeld Strategic Advisors LLC bought a new stake in Aqua Metals during the third quarter worth about $82,000. Price T Rowe Associates Inc. MD bought a new stake in Aqua Metals during the fourth quarter worth about $77,000. Finally, Geode Capital Management LLC acquired a new stake in Aqua Metals during the fourth quarter worth about $129,000. 21.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AQMS shares. Benchmark reiterated a “speculative buy” rating on shares of Aqua Metals in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Aqua Metals Company Profile

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.