AquaBounty Technologies (NASDAQ:AQB) Stock Price Up 1.6%

AquaBounty Technologies, Inc. (NASDAQ:AQB)’s stock price rose 1.6% during trading on Thursday . The company traded as high as $1.85 and last traded at $1.85. Approximately 6,125 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 29,286 shares. The stock had previously closed at $1.82.

Analysts Set New Price Targets

Separately, Oppenheimer restated a “market perform” rating on shares of AquaBounty Technologies in a report on Tuesday, April 2nd.

AquaBounty Technologies Stock Up 5.4 %

The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 0.05. The company’s 50-day simple moving average is $2.08 and its 200 day simple moving average is $2.40.

AquaBounty Technologies (NASDAQ:AQB) last announced its earnings results on Monday, April 1st. The company reported ($2.19) earnings per share for the quarter, missing the consensus estimate of ($1.52) by ($0.67). AquaBounty Technologies had a negative net margin of 1,114.81% and a negative return on equity of 15.68%. The firm had revenue of $0.55 million during the quarter, compared to analyst estimates of $0.73 million. Analysts predict that AquaBounty Technologies, Inc. will post -4.5 earnings per share for the current year.

About AquaBounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology.