Aqua Metals (AQMS) Trading Down 7% on Analyst Downgrade

Aqua Metals Inc (NASDAQ:AQMS) fell 7% during trading on Wednesday after Eurobank EFG lowered their price target on the stock from $17.00 to $12.00. Eurobank EFG currently has a buy rating on the stock. Aqua Metals traded as low as $2.60 and last traded at $2.79. 3,766,369 shares were traded during mid-day trading, an increase of 251% from the average session volume of 1,074,305 shares. The stock had previously closed at $3.00.

Several other research firms have also recently commented on AQMS. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Oppenheimer restated a “buy” rating and issued a $34.00 target price on shares of Aqua Metals in a research note on Friday, November 10th. Finally, Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.83.

Several institutional investors have recently made changes to their positions in AQMS. AWM Investment Company Inc. raised its stake in shares of Aqua Metals by 62.4% during the 4th quarter. AWM Investment Company Inc. now owns 2,405,046 shares of the business services provider’s stock worth $5,123,000 after purchasing an additional 923,668 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Aqua Metals during the 4th quarter worth approximately $1,887,000. Renaissance Technologies LLC bought a new stake in shares of Aqua Metals during the 4th quarter worth approximately $994,000. Selz Capital LLC raised its stake in shares of Aqua Metals by 402.7% during the 4th quarter. Selz Capital LLC now owns 553,000 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 443,000 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Aqua Metals by 2,625.6% during the 4th quarter. Deutsche Bank AG now owns 426,200 shares of the business services provider’s stock worth $906,000 after purchasing an additional 410,563 shares in the last quarter. Institutional investors own 29.20% of the company’s stock.

The firm has a market capitalization of $60.61, a P/E ratio of -2.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.01 and a quick ratio of 3.77.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/14/aqua-metals-aqms-trading-down-7-on-analyst-downgrade.html.

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.

Receive News & Ratings for Aqua Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua Metals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply