Brokerages Expect Aqua Metals Inc. (AQMS) to Announce ($0.18) Earnings Per Share
Shares of Aqua Metals Inc. (NASDAQ:AQMS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $14.50 for the company and are predicting that the company will post ($0.18) EPS for the current quarter, according to Zacks. Zacks has also assigned Aqua Metals an industry rank of 210 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
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Shares of Aqua Metals (NASDAQ:AQMS) traded down 1.44% during mid-day trading on Tuesday, reaching $8.89. 43,700 shares of the company’s stock traded hands. Aqua Metals has a 52 week low of $4.50 and a 52 week high of $13.07. The company’s 50 day moving average is $8.94 and its 200-day moving average is $9.39. The firm’s market cap is $138.45 million.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. Equities analysts expect that Aqua Metals will post ($0.74) earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Teachers Advisors Inc. bought a new stake in shares of Aqua Metals during the second quarter worth $196,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Aqua Metals during the second quarter worth $205,000. California State Teachers Retirement System bought a new stake in shares of Aqua Metals during the second quarter worth $265,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Aqua Metals during the second quarter worth $375,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Aqua Metals during the second quarter worth $377,000. 19.41% of the stock is owned by institutional investors and hedge funds.
About Aqua Metals
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.
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