Aqua Metals, Inc. (NASDAQ:AQMS) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.60.

Several research analysts have commented on AQMS shares. HC Wainwright started coverage on Aqua Metals in a research report on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Rodman & Renshaw started coverage on Aqua Metals in a research report on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

Shares of Aqua Metals (AQMS) opened at 5.49 on Friday. The company has a 50 day moving average price of $6.55 and a 200 day moving average price of $6.55. The stock’s market cap is $110.71 million. Aqua Metals has a 12-month low of $5.45 and a 12-month high of $18.39.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.10). The company had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $1.23 million. Analysts anticipate that Aqua Metals will post ($0.83) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC increased its position in shares of Aqua Metals by 2,063.6% during the second quarter. Frontier Capital Management Co. LLC now owns 1,082,592 shares of the business services provider’s stock worth $13,587,000 after acquiring an additional 1,032,556 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Aqua Metals by 7,830.7% during the first quarter. Wells Fargo & Company MN now owns 659,355 shares of the business services provider’s stock worth $12,884,000 after acquiring an additional 651,041 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Aqua Metals during the first quarter worth about $5,380,000. Bank of New York Mellon Corp increased its position in shares of Aqua Metals by 519.4% during the first quarter. Bank of New York Mellon Corp now owns 212,316 shares of the business services provider’s stock worth $4,149,000 after acquiring an additional 178,037 shares during the last quarter. Finally, AWM Investment Company Inc. increased its position in shares of Aqua Metals by 11.1% during the second quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock worth $18,331,000 after acquiring an additional 145,480 shares during the last quarter. 42.63% of the stock is currently owned by 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. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.

Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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