Aqua Metals (NASDAQ:AQMS) Announces Earnings Results, Meets Estimates

Aqua Metals (NASDAQ:AQMS) posted its earnings results on Monday. The business services provider reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05), Yahoo Finance reports. During the same period in the previous year, the business posted ($0.06) EPS.

Aqua Metals Trading Up 7.0 %

Shares of AQMS stock traded up $0.01 during trading hours on Wednesday, reaching $0.20. 924,139 shares of the company’s stock were exchanged, compared to its average volume of 473,168. Aqua Metals has a 1 year low of $0.18 and a 1 year high of $1.21. The stock has a market cap of $22.84 million, a PE ratio of -0.80 and a beta of 1.00. The stock’s fifty day moving average price is $0.35 and its two-hundred day moving average price is $0.46.

Insider Transactions at Aqua Metals

In other Aqua Metals news, CEO Stephen Cotton purchased 250,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $0.39 per share, for a total transaction of $97,500.00. Following the completion of the purchase, the chief executive officer now owns 6,352,233 shares of the company’s stock, valued at $2,477,370.87. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 312,500 shares of company stock worth $121,875. Insiders own 4.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AQMS shares. Benchmark dropped their target price on Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating on the stock in a research report on Tuesday. HC Wainwright cut their target price on Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.