Aqua Metals Inc. (AQMS) Stock Rating Upgraded by Zacks Investment Research
Aqua Metals Inc. (NASDAQ:AQMS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “
Shares of Aqua Metals (NASDAQ:AQMS) traded down 1.55% during midday trading on Tuesday, reaching $8.88. 58,200 shares of the company were exchanged. The company’s market capitalization is $138.30 million. The stock’s 50-day moving average price is $8.94 and its 200-day moving average price is $9.39. Aqua Metals has a 52-week low of $4.50 and a 52-week high of $13.07.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/aqua-metals-inc-aqms-stock-rating-upgraded-by-zacks-investment-research.html
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Wednesday, August 10th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. Analysts anticipate that Aqua Metals will post ($0.74) EPS for the current year.
A number of institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new position in Aqua Metals during the second quarter worth $205,000. State Street Corp acquired a new position in shares of Aqua Metals during the second quarter worth approximately $1,544,000. Teachers Advisors Inc. acquired a new position in shares of Aqua Metals during the second quarter worth approximately $196,000. BlackRock Institutional Trust Company N.A. acquired a new position in shares of Aqua Metals during the second quarter worth approximately $843,000. Finally, BlackRock Fund Advisors increased its position in shares of Aqua Metals by 5,767.1% in the second quarter. BlackRock Fund Advisors now owns 279,276 shares of the company’s stock worth $3,286,000 after buying an additional 274,516 shares in the last quarter. 19.41% of the stock is currently owned by institutional investors.
Aqua Metals Company Profile
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aqua Metals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua Metals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.