National Securities set a $10.00 price objective on Aqua Metals (NASDAQ:AQMS) in a research note released on Thursday. The firm currently has a buy rating on the business services provider’s stock.
AQMS has been the subject of several other reports. Zacks Investment Research downgraded Aqua Metals from a hold rating to a sell rating in a research note on Monday, August 13th. ValuEngine raised Aqua Metals from a hold rating to a buy rating in a research note on Friday, September 7th. Finally, HC Wainwright reissued a buy rating and issued a $4.00 price objective on shares of Aqua Metals in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $9.50.
Shares of NASDAQ:AQMS traded up $0.35 during midday trading on Thursday, reaching $2.60. The company had a trading volume of 768,426 shares, compared to its average volume of 327,417. The company has a current ratio of 4.17, a quick ratio of 6.07 and a debt-to-equity ratio of 0.14. Aqua Metals has a 1-year low of $1.42 and a 1-year high of $4.28.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The business had revenue of $1.17 million during the quarter, compared to analysts’ expectations of $0.60 million. Aqua Metals had a negative return on equity of 54.61% and a negative net margin of 789.73%. Sell-side analysts anticipate that Aqua Metals will post -1.01 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. LMR Partners LLP purchased a new stake in Aqua Metals in the 2nd quarter worth about $120,000. UBS Group AG lifted its stake in Aqua Metals by 105.8% in the 1st quarter. UBS Group AG now owns 53,090 shares of the business services provider’s stock worth $138,000 after acquiring an additional 27,290 shares in the last quarter. ICM Asset Management Inc. WA purchased a new stake in shares of Aqua Metals during the 2nd quarter worth about $269,000. Paloma Partners Management Co purchased a new stake in shares of Aqua Metals during the 2nd quarter worth about $297,000. Finally, Leisure Capital Management raised its stake in shares of Aqua Metals by 9.3% during the 2nd quarter. Leisure Capital Management now owns 191,462 shares of the business services provider’s stock worth $551,000 after purchasing an additional 16,280 shares in the last quarter. 27.65% of the stock is owned by hedge funds and other institutional investors.
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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