Shares of Aqua Metals Inc (NASDAQ:AQMS) dropped 3.8% during mid-day trading on Wednesday . The company traded as low as $1.75 and last traded at $1.90. Approximately 184,462 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 719,700 shares. The stock had previously closed at $1.83.

AQMS has been the topic of a number of research analyst reports. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. HC Wainwright reissued a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Finally, Oppenheimer reissued a “buy” rating and issued a $34.00 price target on shares of Aqua Metals in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.60.

The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $51.80 and a P/E ratio of -1.48.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). The business had revenue of $0.59 million during the quarter, compared to analysts’ expectations of $0.65 million. research analysts expect that Aqua Metals Inc will post -1.22 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new position in shares of Aqua Metals in the 2nd quarter worth about $149,000. Virtu KCG Holdings LLC purchased a new position in shares of Aqua Metals in the 2nd quarter worth about $160,000. The Manufacturers Life Insurance Company raised its holdings in shares of Aqua Metals by 47.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after purchasing an additional 4,499 shares during the period. Rhumbline Advisers raised its holdings in shares of Aqua Metals by 42.4% in the 2nd quarter. Rhumbline Advisers now owns 17,447 shares of the business services provider’s stock worth $219,000 after purchasing an additional 5,195 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Aqua Metals in the 2nd quarter worth about $220,000. Institutional investors own 28.87% of the company’s stock.

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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.

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