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

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. “

Several other research firms also recently issued reports on AQMS. Rodman & Renshaw began coverage on Aqua Metals in a research report on Sunday, July 2nd. They issued a “buy” rating and a $25.00 target price on the stock. ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, HC Wainwright began coverage on Aqua Metals in a research report on Thursday, June 22nd. They issued a “buy” rating and a $25.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.60.

Shares of Aqua Metals (NASDAQ AQMS) traded up 2.23% during mid-day trading on Thursday, reaching $6.41. The company’s stock had a trading volume of 67,008 shares. The firm’s 50 day moving average is $6.38 and its 200 day moving average is $6.38. The firm’s market cap is $129.26 million. Aqua Metals has a one year low of $5.43 and a one year high of $22.75.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.10). The firm had revenue of $0.60 million during the quarter, compared to analyst estimates of $1.23 million. On average, equities analysts anticipate that Aqua Metals will post ($1.17) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. increased its position in shares of Aqua Metals by 8.1% in the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 499 shares during the period. Boston Partners increased its position in shares of Aqua Metals by 1.1% in the 2nd quarter. Boston Partners now owns 56,300 shares of the business services provider’s stock valued at $707,000 after acquiring an additional 600 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Aqua Metals by 34.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 13,733 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 3,543 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Aqua Metals by 47.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 4,499 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Aqua Metals by 18.5% in the 2nd quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock valued at $369,000 after acquiring an additional 4,600 shares during the period. 42.63% of the stock is currently owned by hedge funds and other 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. 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.

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Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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