Aqua Metals (AQMS) Shares Gap Down to $2.07

Aqua Metals Inc (NASDAQ:AQMS) shares gapped down prior to trading on Monday . The stock had previously closed at $2.11, but opened at $2.07. Aqua Metals shares last traded at $1.94, with a volume of 29660 shares traded.

A number of brokerages have recently issued reports on AQMS. National Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Aqua Metals in a research report on Friday. Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Finally, ValuEngine cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

The firm has a market capitalization of $92.63 million, a P/E ratio of -1.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.86 and a current ratio of 1.93.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Thursday, February 28th. The business services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.16). The company had revenue of $1.07 million during the quarter, compared to analysts’ expectations of $0.90 million. Aqua Metals had a negative return on equity of 67.55% and a negative net margin of 904.79%. On average, analysts anticipate that Aqua Metals Inc will post -0.35 earnings per share for the current year.

In related news, Director Gayle J. Gibson purchased 7,782 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was bought at an average price of $3.95 per share, with a total value of $30,738.90. Following the acquisition, the director now owns 7,782 shares in the company, valued at $30,738.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Aqua Metals during the first quarter worth $31,000. Caption Management LLC grew its holdings in shares of Aqua Metals by 372.9% during the fourth quarter. Caption Management LLC now owns 27,900 shares of the business services provider’s stock worth $51,000 after buying an additional 22,000 shares in the last quarter. National Asset Management Inc. purchased a new stake in shares of Aqua Metals during the first quarter worth $51,000. GSA Capital Partners LLP grew its holdings in shares of Aqua Metals by 192.3% during the fourth quarter. GSA Capital Partners LLP now owns 30,476 shares of the business services provider’s stock worth $55,000 after buying an additional 20,050 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Aqua Metals during the first quarter worth $58,000. 23.93% of the stock is owned by institutional investors.

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Aqua Metals Company Profile (NASDAQ:AQMS)

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 McCarran, Nevada.

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