Aqua Metals, Inc. (NASDAQ:AQMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

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 research firms have also recently commented on AQMS. ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Rodman & Renshaw began coverage on shares of Aqua Metals in a research report on Sunday, July 2nd. They set a “buy” rating and a $25.00 target price for the company. Finally, HC Wainwright began coverage on shares of Aqua Metals in a research report on Thursday, June 22nd. They set a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Aqua Metals has an average rating of “Buy” and a consensus price target of $26.33.

Shares of Aqua Metals (NASDAQ AQMS) traded up 1.72% during midday trading on Monday, hitting $8.29. 187,044 shares of the company traded hands. Aqua Metals has a 52 week low of $7.85 and a 52 week high of $22.75. The stock’s market capitalization is $167.17 million. The company has a 50-day moving average price of $11.67 and a 200-day moving average price of $14.38.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.10. The company had revenue of $0.60 million for the quarter, compared to the consensus estimate of $1.23 million. Analysts anticipate that Aqua Metals will post ($0.63) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Aqua Metals, Inc. (AQMS) Lowered to “Sell” at Zacks Investment Research” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/14/aqua-metals-inc-aqms-lowered-to-sell-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Aqua Metals by 8.1% in the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after buying an additional 499 shares during the last quarter. Boston Partners raised its position in shares of Aqua Metals by 1.1% in the second quarter. Boston Partners now owns 56,300 shares of the business services provider’s stock worth $707,000 after buying an additional 600 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Aqua Metals by 34.8% in the first quarter. Oppenheimer & Co. Inc. now owns 13,733 shares of the business services provider’s stock worth $268,000 after buying an additional 3,543 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Aqua Metals by 17.7% in the second quarter. Teachers Advisors LLC now owns 30,805 shares of the business services provider’s stock worth $387,000 after buying an additional 4,643 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Aqua Metals by 42.4% in the second quarter. Rhumbline Advisers now owns 17,447 shares of the business services provider’s stock worth $219,000 after buying an additional 5,195 shares during the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.

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. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.

Get a free copy of the Zacks research report on Aqua Metals (AQMS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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.