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

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 analysts have also recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Oppenheimer reaffirmed a “buy” rating and set a $34.00 price objective on shares of Aqua Metals in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $28.60.

Shares of Aqua Metals (AQMS) traded up $0.12 during trading on Wednesday, reaching $2.00. 1,308,300 shares of the company’s stock traded hands, compared to its average volume of 353,869. The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19. Aqua Metals has a 1 year low of $1.84 and a 1 year high of $22.75.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $0.65 million. equities analysts anticipate that Aqua Metals will post -1.22 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AQMS. First Mercantile Trust Co. acquired a new position in Aqua Metals in the second quarter valued at approximately $126,000. Janus Henderson Group PLC acquired a new position in Aqua Metals in the second quarter valued at approximately $149,000. Sigma Planning Corp acquired a new position in Aqua Metals in the second quarter valued at approximately $150,000. Virtu KCG Holdings LLC acquired a new position in Aqua Metals in the second quarter valued at approximately $160,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Aqua Metals by 47.5% in the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock valued at $176,000 after buying an additional 4,499 shares during the period. 39.05% of the stock is currently owned by institutional investors and hedge funds.

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About Aqua Metals

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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