HC Wainwright set a $4.00 target price on Aquabounty Technologies (NASDAQ:AQB) in a research report sent to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
AQB has been the topic of a number of other research reports. Zacks Investment Research lowered Hudson Technologies from a hold rating to a sell rating in a research note on Monday, April 1st. National Securities reaffirmed a buy rating and issued a $5.00 target price on shares of Aquabounty Technologies in a research note on Monday, June 10th.
AQB stock opened at $3.48 on Thursday. Aquabounty Technologies has a 1 year low of $1.51 and a 1 year high of $5.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.10 and a current ratio of 7.24. The company has a 50 day moving average of $2.62.
Aquabounty Technologies (NASDAQ:AQB) last posted its earnings results on Thursday, May 2nd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. Aquabounty Technologies had a negative return on equity of 44.38% and a negative net margin of 6,521.95%. The firm had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.21 million. Analysts expect that Aquabounty Technologies will post -0.53 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the business. PFG Advisors purchased a new position in shares of Aquabounty Technologies during the 4th quarter worth $33,000. Actinver Wealth Management Inc. purchased a new position in shares of Aquabounty Technologies during the 4th quarter worth $69,000. ARK Investment Management LLC lifted its stake in shares of Aquabounty Technologies by 13.7% during the 1st quarter. ARK Investment Management LLC now owns 335,420 shares of the company’s stock worth $735,000 after purchasing an additional 40,506 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Aquabounty Technologies during the 1st quarter worth $331,000. Finally, Nikko Asset Management Americas Inc. purchased a new position in shares of Aquabounty Technologies during the 1st quarter worth $352,000. 49.82% of the stock is currently owned by institutional investors.
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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