Aqua Metals (NASDAQ:AQMS) Shares Pass Above 50 Day Moving Average – What’s Next?

Aqua Metals, Inc. (NASDAQ:AQMS) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.23 and traded as high as $2.70. Aqua Metals shares last traded at $2.49, with a volume of 90,041 shares.

Aqua Metals Stock Down 8.5 %

The stock has a market capitalization of $17.76 million, a price-to-earnings ratio of -0.52 and a beta of 1.00. The business’s 50 day simple moving average is $2.23 and its 200-day simple moving average is $3.91.

Institutional Trading of Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC raised its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the quarter. Geode Capital Management LLC owned 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.98% of the company’s stock.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.