Aqua Metals (NASDAQ:AQMS) Shares Pass Above Fifty Day Moving Average – Here’s Why

Aqua Metals, Inc. (NASDAQ:AQMS) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.23 and traded as high as $2.70. Aqua Metals shares last traded at $2.49, with a volume of 90,041 shares changing hands.

Aqua Metals Stock Performance

The company has a market cap of $17.76 million, a price-to-earnings ratio of -0.52 and a beta of 1.00. The company has a fifty day moving average of $2.23 and a two-hundred day moving average of $3.91.

Institutional Investors Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC increased its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned about 19.67% of Aqua Metals worth $251,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.98% of the company’s stock.

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.