Aqua Metals Inc. (AQMS) Stock Rating Lowered by Zacks Investment Research
Aqua Metals Inc. (NASDAQ:AQMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “
Aqua Metals (NASDAQ:AQMS) opened at 9.35 on Friday. Aqua Metals has a 1-year low of $4.50 and a 1-year high of $13.07. The company’s market capitalization is $145.62 million. The company has a 50-day moving average of $8.92 and a 200-day moving average of $9.28.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.05. Equities analysts expect that Aqua Metals will post ($0.74) EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in AQMS. Teachers Advisors Inc. bought a new stake in shares of Aqua Metals during the second quarter worth about $196,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Aqua Metals during the second quarter worth about $205,000. California State Teachers Retirement System bought a new stake in shares of Aqua Metals during the second quarter worth about $265,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Aqua Metals during the second quarter worth about $375,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Aqua Metals during the second quarter worth about $377,000. Institutional investors own 19.41% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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