Brokerages Anticipate AquaBounty Technologies (NYSE:AQB) to Announce ($0.13) Earnings Per Share

Shares of AquaBounty Technologies (NYSE:AQB) have been given an average broker rating score of 1.35 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.

Analysts have set a 1-year consensus price target of $3.75 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also given AquaBounty Technologies an industry rank of 73 out of 256 based on the ratings given to its competitors.

Separately, National Securities decreased their price target on AquaBounty Technologies from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Wednesday, March 20th.

AQB traded up $0.15 during midday trading on Thursday, reaching $2.11. The company had a trading volume of 2,500 shares, compared to its average volume of 246,969. AquaBounty Technologies has a 1 year low of $1.51 and a 1 year high of $5.45.

AquaBounty Technologies (NYSE:AQB) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The firm had revenue of $0.10 million for the quarter, compared to the consensus estimate of $0.21 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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