Aqua Metals (NASDAQ:AQMS) Shares Cross Below 50-Day Moving Average – What’s Next?

Aqua Metals, Inc. (NASDAQ:AQMS) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.03 and traded as low as $2.84. Aqua Metals shares last traded at $2.90, with a volume of 24,909 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AQMS. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a report on Monday, April 20th. Benchmark reaffirmed a “speculative buy” rating on shares of Aqua Metals in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Aqua Metals Trading Up 0.7%

The firm’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $4.65. The stock has a market capitalization of $9.74 million, a PE ratio of -0.27 and a beta of 0.25.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, May 14th. The business services provider reported ($1.22) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Aqua Metals

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Aqua Metals by 844.5% in the third quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4,003 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Aqua Metals during the 4th quarter worth about $61,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Aqua Metals during the 3rd quarter worth about $82,000. Price T Rowe Associates Inc. MD purchased a new position in Aqua Metals in the 4th quarter valued at about $77,000. Finally, Hamilton Capital Partners LLC purchased a new position in Aqua Metals in the 4th quarter valued at about $84,000. 21.98% of the stock is currently owned by institutional investors and hedge funds.

Aqua Metals Company Profile

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.