Aquabounty Technologies (AQB) Issues Earnings Results, Misses Estimates By $0.01 EPS

Aquabounty Technologies (NASDAQ:AQB) issued its quarterly earnings data on Friday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01), MarketWatch Earnings reports. The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.14 million.

Shares of Aquabounty Technologies stock traded down $0.03 during trading on Friday, reaching $2.77. The company’s stock had a trading volume of 30,775 shares, compared to its average volume of 63,164. Aquabounty Technologies has a fifty-two week low of $2.25 and a fifty-two week high of $9.99. The company has a quick ratio of 3.30, a current ratio of 3.36 and a debt-to-equity ratio of 0.12.

Several analysts have recently weighed in on the stock. HC Wainwright set a $4.00 price objective on shares of Aquabounty Technologies and gave the stock a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of Aquabounty Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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Earnings History for Aquabounty Technologies (NASDAQ:AQB)

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