Benchmark Reiterates “Speculative Buy” Rating for Aqua Metals (NASDAQ:AQMS)

Aqua Metals (NASDAQ:AQMS)‘s stock had its “speculative buy” rating restated by equities research analysts at Benchmark in a report issued on Thursday, Benzinga reports. They currently have a $2.00 price target on the business services provider’s stock. Benchmark’s target price would suggest a potential upside of 271.75% from the company’s current price.

AQMS has been the subject of a number of other research reports. StockNews.com raised shares of Aqua Metals to a “sell” rating in a report on Friday, December 15th. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Aqua Metals in a report on Thursday.

Aqua Metals Stock Up 2.9 %

AQMS stock opened at $0.54 on Thursday. The stock has a market capitalization of $58.00 million, a P/E ratio of -2.56 and a beta of 1.06. The company has a current ratio of 7.45, a quick ratio of 7.20 and a debt-to-equity ratio of 0.08. Aqua Metals has a 12 month low of $0.46 and a 12 month high of $1.77. The firm has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.77.

Institutional Trading of Aqua Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Aqua Metals by 2,918.4% during the 1st quarter. Bank of America Corp DE now owns 17,235 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 16,664 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Aqua Metals during the 3rd quarter worth approximately $27,000. UBS Group AG acquired a new stake in shares of Aqua Metals during the 4th quarter worth approximately $39,000. GTS Securities LLC acquired a new stake in shares of Aqua Metals during the 4th quarter worth approximately $25,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.