AquaBounty Technologies (NASDAQ:AQB) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $1.12 and traded as high as $1.19. AquaBounty Technologies shares last traded at $1.15, with a volume of 102,097 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, AquaBounty Technologies presently has an average rating of “Sell”.

AquaBounty Technologies Trading Up 3.6%

The company has a market cap of $6.00 million, a P/E ratio of -1.40 and a beta of 1.48. The firm’s 50 day moving average price is $1.12 and its 200-day moving average price is $1.01.

AquaBounty Technologies (NASDAQ:AQB) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) EPS for the quarter.

Hedge Funds Weigh In On AquaBounty Technologies

A hedge fund recently bought a new position in AquaBounty Technologies stock. BlackRock Inc. bought a new position in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 47,528 shares of the company’s stock, valued at approximately $51,000. BlackRock Inc. owned 0.92% of AquaBounty Technologies as of its most recent filing with the Securities and Exchange Commission. 8.92% of the stock is owned by institutional investors.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing land-based, land-based recirculating aquaculture systems (RAS) to produce Atlantic salmon. The company’s approach is designed to support year-round fish production while reducing reliance on ocean-based farming and limiting water use through treatment and reuse.

AquaBounty’s principal product is AquAdvantage salmon, a genetically engineered Atlantic salmon developed to reach market size more efficiently than conventional Atlantic salmon.