Aqua Metals (NASDAQ:AQMS) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $2.65 and traded as low as $2.46. Aqua Metals shares last traded at $2.47, with a volume of 38,738 shares traded.

Analysts Set New Price Targets

AQMS has been the topic of a number of analyst reports. Benchmark reiterated a “speculative buy” rating and issued a $5.00 price target (down from $12.00) on shares of Aqua Metals in a research report on Friday, July 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Aqua Metals in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Aqua Metals currently has a consensus rating of “Hold” and an average target price of $5.00.

Aqua Metals Stock Performance

The stock’s 50 day moving average price is $2.65 and its 200 day moving average price is $3.38. The company has a market capitalization of $8.29 million, a P/E ratio of -0.49 and a beta of 0.32.

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

Aqua Metals Company Profile

Aqua Metals, Inc is a clean-technology company focused on developing sustainable battery-recycling solutions. The company is best known for AquaRefining, a proprietary electrochemical process designed to recover high-purity lead from spent lead-acid batteries without the traditional high-temperature smelting process. AquaRefining is intended to reduce emissions and improve the efficiency of lead recovery.

Based in Reno, Nevada, Aqua Metals has developed and operated demonstration and pilot-scale recycling facilities, including its AquaRefinery in Nevada.