Aqua Metals (AQMS) Stock Rating Reaffirmed by Oppenheimer

Aqua Metals (NASDAQ:AQMS)‘s stock had its “buy” rating reaffirmed by stock analysts at Oppenheimer in a report released on Monday.

A number of other equities analysts have also recently issued reports on AQMS. HC Wainwright reissued a “buy” rating on shares of Aqua Metals in a report on Friday, November 10th. Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $28.60.

Shares of Aqua Metals (AQMS) traded up $0.03 on Monday, hitting $1.62. The stock had a trading volume of 450,200 shares, compared to its average volume of 395,061. Aqua Metals has a fifty-two week low of $1.42 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.77 and a current ratio of 4.01. The firm has a market cap of $44.63, a PE ratio of -1.26 and a beta of 0.70.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Aqua Metals by 47.5% during 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 purchasing an additional 4,499 shares in the last quarter. California State Teachers Retirement System increased its holdings in Aqua Metals by 18.5% during 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 purchasing an additional 4,600 shares in the last quarter. Teachers Advisors LLC increased its holdings in Aqua Metals by 17.7% during the 2nd quarter. Teachers Advisors LLC now owns 30,805 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 4,643 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Aqua Metals by 76.3% during the 2nd quarter. New York State Common Retirement Fund now owns 19,400 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 8,399 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Aqua Metals by 49.5% during the 2nd quarter. Royal Bank of Canada now owns 28,894 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 9,571 shares in the last quarter. 29.20% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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