Aqua Metals, Inc. (AQMS) Earns Buy Rating from Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. restated their buy rating on shares of Aqua Metals, Inc. (NASDAQ:AQMS) in a report issued on Friday morning. They currently have a $34.00 price objective on the business services provider’s stock.
A number of other analysts also recently weighed in on AQMS. Zacks Investment Research upgraded shares of Aqua Metals from a sell rating to a hold rating in a report on Tuesday, August 1st. HC Wainwright restated a buy rating and issued a $25.00 target price on shares of Aqua Metals in a report on Monday, August 14th. Finally, ValuEngine downgraded shares of Aqua Metals from a hold rating to a sell rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $28.60.
Shares of Aqua Metals (AQMS) traded down $0.08 during mid-day trading on Friday, reaching $3.71. 382,900 shares of the company’s stock traded hands, compared to its average volume of 326,614. Aqua Metals has a 1-year low of $3.53 and a 1-year high of $22.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.77 and a current ratio of 4.01.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million for the quarter, compared to analyst estimates of $0.65 million. equities analysts expect that Aqua Metals will post -1.12 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. AWM Investment Company Inc. increased its holdings in shares of Aqua Metals by 11.1% in the 2nd quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock worth $18,331,000 after buying an additional 145,480 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in Aqua Metals by 15.8% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,253,897 shares of the business services provider’s stock valued at $8,589,000 after purchasing an additional 171,305 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Aqua Metals by 35.9% during the 2nd quarter. Wells Fargo & Company MN now owns 895,775 shares of the business services provider’s stock valued at $11,241,000 after purchasing an additional 236,420 shares during the last quarter. Vanguard Group Inc. grew its holdings in Aqua Metals by 22.4% during the 2nd quarter. Vanguard Group Inc. now owns 630,467 shares of the business services provider’s stock valued at $7,912,000 after purchasing an additional 115,233 shares during the last quarter. Finally, Robecosam AG grew its holdings in Aqua Metals by 10.8% during the 3rd quarter. Robecosam AG now owns 470,000 shares of the business services provider’s stock valued at $3,361,000 after purchasing an additional 46,000 shares during the last quarter. Hedge funds and other institutional investors own 43.79% 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. 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.
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