Zacks Investment Research lowered shares of Aqua Metals Inc. (NASDAQ:AQMS) from a hold rating to a sell rating in a research report report published on Thursday morning.

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) traded up 5.56% during mid-day trading on Thursday, hitting $11.96. 84,070 shares of the company were exchanged. The company has a 50 day moving average of $9.57 and a 200 day moving average of $9.71. The stock’s market cap is $186.31 million. Aqua Metals has a 12-month low of $4.50 and a 12-month high of $13.07.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Monday, November 7th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. On average, equities research analysts expect that Aqua Metals will post ($0.80) earnings per share for the current fiscal year.

In related news, insider Stephen R. Clarke acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $10.00 per share, with a total value of $200,000.00. Following the acquisition, the insider now directly owns 1,028,637 shares in the company, valued at $10,286,370. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Large investors have recently modified their holdings of the company. AWM Investment Company Inc. increased its position in Aqua Metals by 13.8% in the third quarter. AWM Investment Company Inc. now owns 1,272,250 shares of the company’s stock worth $11,272,000 after buying an additional 154,600 shares during the last quarter. Mangrove Partners acquired a new position in Aqua Metals during the third quarter worth about $1,190,000. KCG Holdings Inc. acquired a new position in Aqua Metals during the third quarter worth about $106,000. Advisor Group Inc. increased its position in Aqua Metals by 2,361.6% in the third quarter. Advisor Group Inc. now owns 12,308 shares of the company’s stock worth $107,000 after buying an additional 11,808 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Aqua Metals by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 72,514 shares of the company’s stock worth $642,000 after buying an additional 841 shares during the last quarter. 19.51% of the stock is currently owned by hedge funds and other institutional investors.

About Aqua Metals

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.

5 Day Chart for NASDAQ:AQMS

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