Aqua Metals (NASDAQ:AQMS) Posts Earnings Results, Misses Expectations By $0.02 EPS

Aqua Metals (NASDAQ:AQMS) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02), Fidelity Earnings reports. The firm had revenue of $1.48 million for the quarter, compared to analyst estimates of $0.80 million. Aqua Metals had a negative return on equity of 67.64% and a negative net margin of 1,406.01%.

Aqua Metals stock traded down $0.07 during trading on Friday, hitting $1.66. The company had a trading volume of 212,007 shares, compared to its average volume of 469,732. Aqua Metals has a 1-year low of $1.47 and a 1-year high of $4.33. The company has a current ratio of 2.19, a quick ratio of 2.05 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $1.76. The stock has a market cap of $74.32 million, a PE ratio of -1.41 and a beta of 0.98.

AQMS has been the subject of several research reports. Oppenheimer dropped their target price on shares of Aqua Metals from $14.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. National Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Aqua Metals in a report on Friday, May 10th. Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, ValuEngine upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Aqua Metals has a consensus rating of “Buy” and an average price target of $6.25.

About Aqua Metals

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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Earnings History for Aqua Metals (NASDAQ:AQMS)

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