Baird Financial Group Inc. Cuts Stake in Aqua Metals, Inc. (NASDAQ:AQMS)

Baird Financial Group Inc. lowered its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 93.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 371,071 shares of the business services provider’s stock after selling 4,989,730 shares during the quarter. Baird Financial Group Inc. owned approximately 0.05% of Aqua Metals worth $935,000 as of its most recent SEC filing.

Aqua Metals Stock Performance

Shares of NASDAQ AQMS opened at $0.96 on Thursday. The company has a market cap of $7.98 million, a PE ratio of -0.20 and a beta of 0.66. The business has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.98. Aqua Metals, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $9.60.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.43). On average, sell-side analysts predict that Aqua Metals, Inc. will post -2.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $3.00 price objective on shares of Aqua Metals in a research report on Wednesday, April 2nd.

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.