Shares of Aqua Metals, Inc. (NASDAQ:AQMS) have received an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.50.
AQMS has been the subject of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Aqua Metals in a research note on Monday, August 14th. Oppenheimer restated a “buy” rating and set a $34.00 target price on shares of Aqua Metals in a research note on Friday, November 10th. Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, ValuEngine cut Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.
Shares of Aqua Metals (AQMS) opened at $2.63 on Friday. The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19. Aqua Metals has a 12 month low of $2.58 and a 12 month high of $22.75.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $0.59 million during the quarter, compared to analyst estimates of $0.65 million. equities research analysts predict that Aqua Metals will post -1.22 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in Aqua Metals during the third quarter worth $215,000. Robecosam AG increased its holdings in shares of Aqua Metals by 10.8% during the third quarter. Robecosam AG now owns 470,000 shares of the business services provider’s stock worth $3,361,000 after buying an additional 46,000 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Aqua Metals by 15.8% during the third quarter. Frontier Capital Management Co. LLC now owns 1,253,897 shares of the business services provider’s stock worth $8,589,000 after buying an additional 171,305 shares in the last quarter. Leisure Capital Management acquired a new position in shares of Aqua Metals during the third quarter worth $371,000. Finally, AWM Investment Company Inc. increased its holdings in shares of Aqua Metals by 11.1% during the second quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock worth $18,331,000 after buying an additional 145,480 shares in the last quarter. Hedge funds and other institutional investors own 39.05% of the company’s stock.
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About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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