Aqua Metals (NASDAQ:AQMS) issued its quarterly earnings results on Thursday, March 15th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.10), Bloomberg Earnings reports. The firm had revenue of $0.90 million during the quarter, compared to the consensus estimate of $1.27 million.
NASDAQ AQMS remained flat at $$2.56 during trading hours on Friday. The company’s stock had a trading volume of 394,135 shares, compared to its average volume of 653,161. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $18.70. The company has a quick ratio of 6.38, a current ratio of 6.70 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $73.46, a P/E ratio of -2.15 and a beta of 0.02.
AQMS has been the topic of a number of research reports. Oppenheimer reaffirmed a “buy” rating on shares of Aqua Metals in a research note on Monday, February 12th. EuroPacific Canada reissued a “buy” rating and set a $12.00 price objective (down from $17.00) on shares of Aqua Metals in a report on Friday, February 16th. Eurobank EFG reduced their target price on Aqua Metals from $17.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. National Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Aqua Metals in a report on Friday, March 16th. Finally, HC Wainwright set a $9.00 price objective on Aqua Metals and gave the company a “buy” rating in a report on Friday, March 16th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Aqua Metals has a consensus rating of “Buy” and a consensus target price of $17.83.
An institutional investor recently raised its position in Aqua Metals stock. State Street Corp grew its stake in shares of Aqua Metals (NASDAQ:AQMS) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,859 shares of the business services provider’s stock after buying an additional 29,104 shares during the quarter. State Street Corp owned 1.04% of Aqua Metals worth $2,622,000 at the end of the most recent quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.
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Aqua Metals Company Profile
Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.
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