Aqua Metals (NASDAQ:AQMS) Earns “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Aqua Metals (NASDAQ:AQMSFree Report) in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a $2.00 price objective on the business services provider’s stock.

Separately, HC Wainwright restated a buy rating and issued a $4.00 price objective on shares of Aqua Metals in a report on Thursday, March 28th.

Check Out Our Latest Stock Analysis on AQMS

Aqua Metals Stock Performance

Shares of NASDAQ:AQMS opened at $0.44 on Thursday. Aqua Metals has a 1-year low of $0.37 and a 1-year high of $1.77. The company’s fifty day moving average is $0.51 and its two-hundred day moving average is $0.64. The stock has a market capitalization of $49.25 million, a price-to-earnings ratio of -1.74 and a beta of 1.13.

Aqua Metals (NASDAQ:AQMSGet Free Report) last issued its quarterly earnings results on Thursday, March 28th. The business services provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Sell-side analysts expect that Aqua Metals will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Cotton purchased 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $0.39 per share, for a total transaction of $97,500.00. Following the transaction, the chief executive officer now directly owns 6,352,233 shares of the company’s stock, valued at approximately $2,477,370.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 312,500 shares of company stock worth $121,875 in the last ninety days. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Aqua Metals

Several hedge funds and other institutional investors have recently modified their holdings of AQMS. AWM Investment Company Inc. lifted its stake in Aqua Metals by 100.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after acquiring an additional 900,000 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Aqua Metals by 1,573.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 561,250 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 527,708 shares during the period. Boston Partners lifted its position in shares of Aqua Metals by 559.7% in the third quarter. Boston Partners now owns 618,665 shares of the business services provider’s stock worth $699,000 after purchasing an additional 524,888 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Aqua Metals by 32.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,444,567 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 351,175 shares during the period. Finally, Ieq Capital LLC grew its position in Aqua Metals by 6.7% during the third quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider’s stock valued at $3,342,000 after purchasing an additional 184,641 shares in the last quarter. Institutional investors and hedge funds own 21.98% of the company’s stock.

About Aqua Metals

(Get Free Report)

Aqua Metals, Inc engages in reinventing metals recycling with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.

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