Aqua Metals (AQMS) PT Lowered to $12.00

Aqua Metals (NASDAQ:AQMS) had its price target lowered by research analysts at Eurobank EFG from $17.00 to $12.00 in a report released on Wednesday. The firm presently has a “buy” rating on the business services provider’s stock. Eurobank EFG’s price target points to a potential upside of 300.00% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Oppenheimer restated a “buy” rating on shares of Aqua Metals in a research report on Monday. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.83.

Shares of Aqua Metals (NASDAQ:AQMS) opened at $3.00 on Wednesday. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $22.75. The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $60.61, a price-to-earnings ratio of -2.33 and a beta of 0.70.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its position in shares of Aqua Metals by 2,361.6% in the third quarter. Advisor Group Inc. now owns 12,308 shares of the business services provider’s stock worth $107,000 after purchasing an additional 11,808 shares during the period. First Mercantile Trust Co. bought a new position in shares of Aqua Metals in the second quarter worth $126,000. American International Group Inc. increased 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 purchasing an additional 499 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Aqua Metals in the third quarter worth $144,000. Finally, Janus Henderson Group PLC bought a new position in shares of Aqua Metals in the second quarter worth $149,000. Institutional investors own 29.20% of the company’s stock.

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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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