Zacks: AquaBounty Technologies (AQB) Receives Consensus Rating of “Strong Buy” from Analysts

AquaBounty Technologies (NYSE:AQB) has been assigned a consensus broker rating score of 1.35 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. AquaBounty Technologies’ rating score has declined by 35% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price objective of $3.75 for the company and are expecting that the company will post ($0.19) earnings per share for the current quarter, according to Zacks. Zacks has also assigned AquaBounty Technologies an industry rank of 77 out of 255 based on the ratings given to its competitors.

Separately, National Securities decreased their price target on shares of AquaBounty Technologies from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Wednesday.

AquaBounty Technologies stock traded up $0.02 during midday trading on Wednesday, reaching $2.25. 605,194 shares of the stock were exchanged, compared to its average volume of 282,920. AquaBounty Technologies has a 52 week low of $1.51 and a 52 week high of $5.45.

AquaBounty Technologies (NYSE:AQB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.09). The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.12 million.

AquaBounty Technologies Company Profile

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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