Evoqua Water Technologies (NYSE:AQUA) Trading 5% Higher

Evoqua Water Technologies Corp (NYSE:AQUA) shares traded up 5% on Tuesday . The stock traded as high as $13.75 and last traded at $13.55, 726,298 shares changed hands during trading. An increase of 21% from the average session volume of 598,567 shares. The stock had previously closed at $12.90.

Separately, Citigroup downgraded Evoqua Water Technologies from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Evoqua Water Technologies has a consensus rating of “Buy” and an average price target of $15.67.

The business has a 50-day moving average price of $13.82.

Evoqua Water Technologies (NYSE:AQUA) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $348.60 million during the quarter, compared to the consensus estimate of $351.04 million. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in Evoqua Water Technologies during the 2nd quarter worth about $49,000. Quantamental Technologies LLC purchased a new stake in shares of Evoqua Water Technologies during the 1st quarter worth about $76,000. Great West Life Assurance Co. Can boosted its stake in shares of Evoqua Water Technologies by 121.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,292 shares of the company’s stock worth $77,000 after acquiring an additional 4,546 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Evoqua Water Technologies during the 4th quarter worth about $103,000. Finally, Amalgamated Bank purchased a new stake in shares of Evoqua Water Technologies during the 4th quarter worth about $109,000.

About Evoqua Water Technologies (NYSE:AQUA)

Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.

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