Zacks Investment Research lowered shares of Aqua Metals (NASDAQ:AQMS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “
A number of other brokerages have also weighed in on AQMS. ValuEngine lowered Aqua Metals from a buy rating to a hold rating in a research report on Thursday, November 1st. National Securities set a $10.00 target price on Aqua Metals and gave the stock a buy rating in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Aqua Metals has a consensus rating of Buy and a consensus price target of $8.00.
Shares of NASDAQ:AQMS opened at $2.33 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 4.03 and a debt-to-equity ratio of 0.14. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $4.22. The company has a market cap of $70.08 million, a PE ratio of -1.96 and a beta of 0.55.
Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Aqua Metals had a negative return on equity of 54.61% and a negative net margin of 789.73%. The firm had revenue of $1.17 million for the quarter, compared to analyst estimates of $0.60 million. Equities analysts predict that Aqua Metals will post -1.01 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. Wolverine Asset Management LLC raised its position in Aqua Metals by 1,008.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 470,376 shares of the business services provider’s stock valued at $1,354,000 after buying an additional 427,958 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Aqua Metals in the 2nd quarter valued at $297,000. BlackRock Inc. raised its position in Aqua Metals by 13.8% in the 3rd quarter. BlackRock Inc. now owns 234,552 shares of the business services provider’s stock valued at $605,000 after buying an additional 28,428 shares during the last quarter. Vanguard Group Inc. raised its position in Aqua Metals by 21.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,325 shares of the business services provider’s stock valued at $3,293,000 after buying an additional 221,425 shares during the last quarter. Finally, Vanguard Group Inc raised its position in Aqua Metals by 21.0% in the 3rd quarter. Vanguard Group Inc now owns 1,276,325 shares of the business services provider’s stock valued at $3,293,000 after buying an additional 221,425 shares during the last quarter. 22.38% of the stock is owned by institutional investors and hedge funds.
Aqua Metals Company Profile
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 Alameda, California.
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