Aqua Metals (NASDAQ:AQMS) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Aqua Metals, Inc. (NASDAQ:AQMS)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.19 and traded as low as $1.64. Aqua Metals shares last traded at $1.83, with a volume of 64,102 shares.

Aqua Metals Stock Performance

The stock has a market capitalization of $12.55 million, a P/E ratio of -0.37 and a beta of 1.00. The business’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $3.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC boosted its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. 21.98% of the stock is owned by institutional investors.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.