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

Benchmark reiterated their speculative buy rating on shares of Aqua Metals (NASDAQ:AQMS) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the business services provider’s stock.

Aqua Metals Stock Performance

Shares of NASDAQ AQMS opened at $1.76 on Wednesday. The company has a market capitalization of $12.55 million, a PE ratio of -0.37 and a beta of 0.72. The company’s fifty day moving average price is $1.99 and its 200 day moving average price is $2.42. Aqua Metals has a 1 year low of $1.33 and a 1 year high of $13.78.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Monday, March 31st. The business services provider reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.66). On average, equities analysts expect that Aqua Metals will post -2.8 EPS for the current year.

Institutional Trading of Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC increased its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 at the end of the most recent reporting period. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

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.